Cerity Partners LLC Trims Stock Holdings in Aon plc (NYSE:AON)

Cerity Partners LLC lowered its position in shares of Aon plc (NYSE:AON) by 13.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 32,148 shares of the financial services provider’s stock after selling 4,846 shares during the period. Cerity Partners LLC’s holdings in AON were worth $11,368,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Endeavor Private Wealth Inc. bought a new stake in AON during the fourth quarter worth about $29,000. Richardson Financial Services Inc. lifted its holdings in shares of AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of AON in the 4th quarter worth approximately $32,000. Anchor Investment Management LLC increased its position in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after buying an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in AON during the fourth quarter valued at $39,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Down 1.4 %

AON stock opened at $368.27 on Friday. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock has a market cap of $79.55 billion, a P/E ratio of 29.09, a PEG ratio of 2.12 and a beta of 0.82. The business’s 50-day moving average price is $390.63 and its 200-day moving average price is $374.36.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period last year, the company earned $3.89 earnings per share. On average, equities research analysts forecast that Aon plc will post 17.21 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AON shares. Redburn Partners set a $445.00 target price on AON in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods raised their price objective on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. lifted their target price on shares of AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a report on Tuesday. Royal Bank of Canada raised their price target on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, AON has an average rating of “Hold” and a consensus price target of $391.13.

AON Company Profile

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.