Salvus Wealth Management LLC Decreases Stock Holdings in Aon plc $AON

Salvus Wealth Management LLC lowered its position in shares of Aon plc (NYSE:AON) by 26.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,935 shares of the financial services provider’s stock after selling 1,782 shares during the quarter. Salvus Wealth Management LLC’s holdings in AON were worth $1,637,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of AON by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 20,171,049 shares of the financial services provider’s stock valued at $7,117,960,000 after acquiring an additional 191,658 shares during the last quarter. Capital World Investors grew its stake in shares of AON by 1.5% in the fourth quarter. Capital World Investors now owns 12,252,904 shares of the financial services provider’s stock worth $4,323,850,000 after purchasing an additional 176,207 shares during the last quarter. State Street Corp increased its holdings in AON by 1.2% during the 3rd quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock valued at $3,291,048,000 after purchasing an additional 105,154 shares during the period. Dodge & Cox raised its position in AON by 126.6% during the 4th quarter. Dodge & Cox now owns 7,852,456 shares of the financial services provider’s stock valued at $2,770,975,000 after purchasing an additional 4,387,773 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in AON by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 5,141,363 shares of the financial services provider’s stock valued at $1,810,726,000 after purchasing an additional 28,066 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Darren Zeidel sold 1,900 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total transaction of $717,744.00. Following the sale, the general counsel directly owned 11,504 shares of the company’s stock, valued at approximately $4,345,751.04. This represents a 14.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 4,450 shares of company stock worth $1,659,242. Corporate insiders own 1.00% of the company’s stock.

AON Stock Performance

AON stock opened at $356.12 on Tuesday. Aon plc has a twelve month low of $304.59 and a twelve month high of $382.34. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $75.54 billion, a P/E ratio of 19.63, a PEG ratio of 1.85 and a beta of 0.69. The stock’s 50 day moving average is $345.82 and its 200 day moving average is $332.56.

AON (NYSE:AON) last released its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, topping the consensus estimate of $3.80 by $0.01. AON had a return on equity of 42.13% and a net margin of 22.27%.The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the previous year, the company posted $3.49 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts predict that Aon plc will post 19.06 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be paid a $0.82 dividend. The ex-dividend date is Monday, August 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. AON’s payout ratio is presently 18.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered AON from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. UBS Group raised their price target on AON from $383.00 to $387.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. lifted their price target on shares of AON from $396.00 to $412.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Cantor Fitzgerald upped their price objective on shares of AON from $416.00 to $445.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, Barclays increased their price target on shares of AON from $372.00 to $382.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $410.75.

AON Company 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.