180 Wealth Advisors LLC Sells 131 Shares of Aon plc (NYSE:AON)

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180 Wealth Advisors LLC reduced its stake in Aon plc (NYSE:AONGet Rating) by 12.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 896 shares of the financial services provider’s stock after selling 131 shares during the period. 180 Wealth Advisors LLC’s holdings in AON were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. State of Alaska Department of Revenue grew its stake in shares of AON by 0.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 30,506 shares of the financial services provider’s stock valued at $8,226,000 after purchasing an additional 285 shares during the period. Anderson Hoagland & Co. boosted its holdings in shares of AON by 0.5% in the 2nd quarter. Anderson Hoagland & Co. now owns 11,123 shares of the financial services provider’s stock worth $3,051,000 after acquiring an additional 60 shares in the last quarter. Chesley Taft & Associates LLC boosted its holdings in shares of AON by 0.7% in the 2nd quarter. Chesley Taft & Associates LLC now owns 11,367 shares of the financial services provider’s stock worth $3,065,000 after acquiring an additional 75 shares in the last quarter. Moody National Bank Trust Division acquired a new position in shares of AON in the 2nd quarter worth approximately $609,000. Finally, Markel Corp boosted its holdings in shares of AON by 11.8% in the 1st quarter. Markel Corp now owns 64,950 shares of the financial services provider’s stock worth $21,150,000 after acquiring an additional 6,850 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AON has been the topic of several recent analyst reports. TheStreet downgraded AON from a “b” rating to a “c+” rating in a report on Friday, July 29th. The Goldman Sachs Group initiated coverage on AON in a report on Tuesday, July 12th. They issued a “neutral” rating and a $301.00 target price on the stock. Jefferies Financial Group reduced their target price on AON from $316.00 to $296.00 and set a “hold” rating on the stock in a report on Tuesday, July 12th. Finally, Morgan Stanley downgraded AON from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $320.00 to $250.00 in a report on Friday, June 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, AON presently has an average rating of “Hold” and a consensus price target of $303.70.

AON Stock Performance

AON stock opened at $277.12 on Monday. The business’s fifty day moving average is $285.26 and its 200-day moving average is $289.43. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 12.27. The company has a market cap of $58.45 billion, a P/E ratio of 39.76 and a beta of 0.90. Aon plc has a twelve month low of $246.21 and a twelve month high of $341.98.

AON (NYSE:AONGet Rating) last posted its quarterly earnings results on Friday, July 29th. The financial services provider reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.06. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3.01 billion. AON had a return on equity of 204.19% and a net margin of 11.96%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.29 EPS. Equities research analysts forecast that Aon plc will post 13.2 EPS for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Monday, August 1st were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, July 29th. AON’s dividend payout ratio (DPR) is currently 32.14%.

Insider Activity at AON

In other news, Director Byron Spruell acquired 400 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was acquired at an average price of $291.72 per share, for a total transaction of $116,688.00. Following the transaction, the director now directly owns 2,743 shares in the company, valued at $800,187.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other AON news, General Counsel Darren Zeidel sold 111 shares of the stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $290.00, for a total transaction of $32,190.00. Following the completion of the transaction, the general counsel now owns 15,129 shares in the company, valued at approximately $4,387,410. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Byron Spruell bought 400 shares of the stock in a transaction on Tuesday, August 23rd. The shares were purchased at an average price of $291.72 per share, with a total value of $116,688.00. Following the acquisition, the director now owns 2,743 shares in the company, valued at approximately $800,187.96. The disclosure for this purchase can be found here. 1.06% of the stock is owned by corporate insiders.

About AON

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Aon Plc operates as a global professional services firm. It provides advice and solutions to clients focused on risk, retirement, and health through the following products and services: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions, and Data and Analytic Services.

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