First Republic Investment Management Inc. Sells 3,458 Shares of Aon plc (NYSE:AON)

First Republic Investment Management Inc. decreased its stake in shares of Aon plc (NYSE:AONGet Rating) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,700 shares of the financial services provider’s stock after selling 3,458 shares during the quarter. First Republic Investment Management Inc.’s holdings in AON were worth $15,456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Western Pacific Wealth Management LP bought a new position in shares of AON during the third quarter worth $29,000. Larson Financial Group LLC purchased a new stake in AON during the second quarter valued at $32,000. Coston McIsaac & Partners purchased a new stake in AON during the second quarter valued at $38,000. Grayhawk Investment Strategies Inc. purchased a new stake in AON during the second quarter valued at $49,000. Finally, Eagle Bay Advisors LLC purchased a new stake in AON during the second quarter valued at $39,000. Institutional investors own 86.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AON shares. Citigroup started coverage on shares of AON in a research note on Wednesday, December 14th. They set a “neutral” rating and a $339.00 price target on the stock. BMO Capital Markets started coverage on shares of AON in a research note on Thursday, January 19th. They issued a “market perform” rating and a $310.00 target price on the stock. MKM Partners increased their target price on shares of AON from $335.00 to $360.00 and gave the company a “buy” rating in a research note on Monday, December 5th. Raymond James downgraded shares of AON from a “market perform” rating to an “underperform” rating in a research note on Monday, October 31st. Finally, Credit Suisse Group started coverage on shares of AON in a research note on Friday, January 13th. They issued an “outperform” rating and a $363.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $313.56.

AON Stock Down 0.5 %

Shares of AON stock opened at $324.34 on Wednesday. The company has a debt-to-equity ratio of 12.27, a current ratio of 1.56 and a quick ratio of 1.56. Aon plc has a 1 year low of $246.21 and a 1 year high of $341.98. The firm’s 50-day moving average is $306.24 and its two-hundred day moving average is $290.96. The stock has a market cap of $67.09 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.08 and a beta of 0.88.

AON (NYSE:AONGet Rating) last released its quarterly earnings results on Friday, October 28th. The financial services provider reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.01. AON had a net margin of 22.49% and a return on equity of 445.81%. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period last year, the business earned $1.74 EPS. The company’s revenue was down .2% compared to the same quarter last year. As a group, research analysts expect that Aon plc will post 13.16 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, January 31st. AON’s dividend payout ratio is currently 17.39%.

About AON

(Get Rating)

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captives management; and health solutions, such as health and benefits brokerages, and health care exchanges.

See Also

Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon plc (NYSE:AONGet Rating).

Institutional Ownership by Quarter for AON (NYSE:AON)

Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.