Frank Rimerman Advisors LLC Has $1.12 Million Stake in Aon plc $AON

Frank Rimerman Advisors LLC decreased its position in Aon plc (NYSE:AON) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,132 shares of the financial services provider’s stock after selling 252 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in AON were worth $1,117,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in AON. Polen Capital Management LLC increased its stake in shares of AON by 318.1% during the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock worth $1,200,350,000 after purchasing an additional 2,288,397 shares during the last quarter. Nuveen LLC bought a new stake in AON in the first quarter worth $505,108,000. Wellington Management Group LLP acquired a new position in AON during the first quarter worth $490,634,000. Bank of New York Mellon Corp raised its holdings in AON by 15.6% during the second quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock valued at $1,251,391,000 after buying an additional 473,594 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of AON by 276.0% in the second quarter. Vontobel Holding Ltd. now owns 460,971 shares of the financial services provider’s stock worth $164,456,000 after buying an additional 338,373 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on AON. Cantor Fitzgerald raised AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of AON in a research report on Thursday, November 13th. Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lowered their target price on shares of AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Finally, Citigroup raised shares of AON from a “neutral” rating to a “buy” rating and set a $402.00 target price for the company in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $419.13.

AON Stock Down 0.5%

AON stock opened at $348.23 on Wednesday. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The company has a market cap of $74.85 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. The business’s 50-day simple moving average is $351.11 and its 200 day simple moving average is $357.56.

AON (NYSE:AON) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $2.72 EPS. On average, research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.745 per share. The ex-dividend date was Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. AON’s payout ratio is currently 23.88%.

About AON

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.