Sequoia Financial Advisors LLC Has $5.85 Million Stock Position in Aon plc $AON

Sequoia Financial Advisors LLC grew its holdings in Aon plc (NYSE:AON) by 10.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,646 shares of the financial services provider’s stock after buying an additional 1,739 shares during the period. Sequoia Financial Advisors LLC’s holdings in AON were worth $5,853,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wealth Watch Advisors INC bought a new stake in AON in the 3rd quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in AON during the fourth quarter worth about $27,000. Kemnay Advisory Services Inc. acquired a new stake in shares of AON during the 4th quarter worth approximately $29,000. Strive Asset Management LLC acquired a new position in shares of AON during the 3rd quarter worth $35,000. Finally, Cornerstone Financial Management LLC bought a new position in AON in the fourth quarter valued at about $37,000. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at AON

In other AON news, Director Lester B. Knight purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were bought at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the purchase, the director owned 163,000 shares of the company’s stock, valued at $53,379,240. This represents a 13.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Darren Zeidel sold 1,900 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $377.76, for a total value of $717,744.00. Following the sale, the general counsel owned 11,504 shares in the company, valued at approximately $4,345,751.04. This represents a 14.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 4,450 shares of company stock worth $1,659,242. Corporate insiders own 1.00% of the company’s stock.

AON Trading Down 1.5%

Shares of AON stock opened at $303.19 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market capitalization of $64.31 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.56 and a beta of 0.66. The company has a 50-day simple moving average of $350.34 and a two-hundred day simple moving average of $333.70. Aon plc has a 52-week low of $302.44 and a 52-week high of $382.34.

AON (NYSE:AON) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.01. The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%.The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.49 earnings per share. Research analysts anticipate that Aon plc will post 18.94 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, August 3rd. AON’s payout ratio is 18.08%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AON shares. Keefe, Bruyette & Woods boosted their target price on shares of AON from $412.00 to $417.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 1st. Mizuho decreased their target price on shares of AON from $437.00 to $398.00 and set an “outperform” rating for the company in a research report on Tuesday, September 1st. Weiss Ratings raised AON from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Morgan Stanley lifted their price objective on shares of AON from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Finally, BMO Capital Markets decreased their target price on AON from $375.00 to $360.00 and set a “market perform” rating for the company in a research report on Tuesday, September 1st. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $399.12.

AON Company Profile

Aon plc is a global professional services firm that helps organizations manage risk, support workforce strategies and make informed decisions. Its principal activities include commercial risk brokerage, insurance and reinsurance consulting, retirement and investment advisory services, health and benefits consulting, and data- and analytics-based business solutions.

Aon serves businesses, governments, institutional investors and individuals across a broad range of industries and geographies.