Yousif Capital Management LLC Decreases Stock Holdings in Aon plc $AON

Yousif Capital Management LLC lessened its stake in Aon plc (NYSE:AON) by 4.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 27,876 shares of the financial services provider’s stock after selling 1,416 shares during the quarter. Yousif Capital Management LLC’s holdings in AON were worth $9,940,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AON. Peak Financial Advisors LLC purchased a new stake in shares of AON during the 2nd quarter valued at $2,464,000. Nordea Investment Management AB raised its stake in AON by 6.6% in the second quarter. Nordea Investment Management AB now owns 17,062 shares of the financial services provider’s stock valued at $6,051,000 after buying an additional 1,061 shares during the last quarter. Focus Partners Wealth boosted its holdings in AON by 27.7% in the first quarter. Focus Partners Wealth now owns 125,834 shares of the financial services provider’s stock worth $50,219,000 after acquiring an additional 27,280 shares in the last quarter. Jump Financial LLC grew its stake in shares of AON by 314.2% during the first quarter. Jump Financial LLC now owns 8,809 shares of the financial services provider’s stock worth $3,516,000 after acquiring an additional 6,682 shares during the last quarter. Finally, Arrowroot Family Office LLC acquired a new position in shares of AON during the second quarter valued at about $541,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Price Performance

NYSE:AON opened at $355.90 on Wednesday. The firm’s fifty day moving average is $346.01 and its two-hundred day moving average is $355.29. The firm has a market cap of $76.49 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 2.03 and a beta of 0.84. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35. Aon plc has a one year low of $323.73 and a one year high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.14. AON had a return on equity of 48.88% and a net margin of 15.96%.The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the business earned $2.72 earnings per share. AON’s quarterly revenue was up 7.4% on a year-over-year basis. Research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, November 3rd. AON’s dividend payout ratio (DPR) is currently 23.88%.

Analyst Ratings Changes

AON has been the topic of several research analyst reports. UBS Group dropped their target price on shares of AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Wells Fargo & Company dropped their price objective on shares of AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Evercore ISI raised their target price on AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Keefe, Bruyette & Woods dropped their price target on AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 4th. Finally, Roth Capital restated a “buy” rating and issued a $390.00 price objective on shares of AON in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, AON presently has a consensus rating of “Moderate Buy” and a consensus price target of $413.18.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.