Sage Mountain Advisors LLC Sells 91 Shares of Aon plc $AON

Sage Mountain Advisors LLC cut its position in Aon plc (NYSE:AON) by 6.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,410 shares of the financial services provider’s stock after selling 91 shares during the quarter. Sage Mountain Advisors LLC’s holdings in AON were worth $503,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AON. WCM Investment Management LLC increased its position in AON by 0.3% during the first quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider’s stock worth $809,544,000 after acquiring an additional 6,038 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of AON by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider’s stock worth $11,183,000 after purchasing an additional 1,489 shares during the period. Catalyst Capital Advisors LLC raised its position in shares of AON by 425.3% in the first quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider’s stock valued at $761,000 after buying an additional 1,544 shares in the last quarter. Ninety One North America Inc. grew its position in AON by 64.4% during the first quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider’s stock worth $2,986,000 after buying an additional 2,932 shares in the last quarter. Finally, Peak Financial Advisors LLC bought a new position in AON during the 2nd quarter worth $2,464,000. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

AON stock opened at $337.58 on Friday. The stock has a market cap of $72.79 billion, a price-to-earnings ratio of 28.27, a P/E/G ratio of 1.99 and a beta of 0.89. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The company has a 50 day simple moving average of $360.70 and a 200 day simple moving average of $360.20. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the prior year, the business earned $2.93 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a $0.745 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s dividend payout ratio (DPR) is currently 24.96%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. TD Cowen reduced their target price on AON from $427.00 to $419.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Wells Fargo & Company reduced their price objective on shares of AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Weiss Ratings restated a “buy (b-)” rating on shares of AON in a research report on Friday. Morgan Stanley upgraded shares of AON from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $385.00 to $430.00 in a research report on Thursday, September 11th. Finally, Barclays restated an “overweight” rating and set a $420.00 target price (up from $401.00) on shares of AON in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, AON presently has a consensus rating of “Moderate Buy” and an average price target of $420.00.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.