Bar Harbor Wealth Management Sells 181 Shares of Aon plc (NYSE:AON)

Bar Harbor Wealth Management reduced its holdings in shares of Aon plc (NYSE:AON) by 13.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,175 shares of the financial services provider’s stock after selling 181 shares during the period. Bar Harbor Wealth Management’s holdings in AON were worth $407,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Y.D. More Investments Ltd purchased a new stake in shares of AON during the second quarter valued at $31,000. Nemes Rush Group LLC purchased a new position in shares of AON during the second quarter worth approximately $45,000. Bruce G. Allen Investments LLC raised its stake in shares of AON by 52.7% during the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 58 shares in the last quarter. LRI Investments LLC bought a new position in AON in the first quarter worth approximately $55,000. Finally, New Covenant Trust Company N.A. purchased a new position in AON during the 1st quarter worth $59,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Down 0.2 %

NYSE:AON opened at $358.05 on Friday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. Aon plc has a twelve month low of $268.06 and a twelve month high of $363.46. The company has a market cap of $77.78 billion, a PE ratio of 28.62, a P/E/G ratio of 2.32 and a beta of 0.92. The company’s 50 day moving average is $345.94 and its two-hundred day moving average is $315.31.

AON (NYSE:AON) last released its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period in the previous year, the company earned $2.76 earnings per share. AON’s revenue was up 18.4% on a year-over-year basis. Analysts anticipate that Aon plc will post 15.22 EPS for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, November 1st. AON’s dividend payout ratio (DPR) is 21.58%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AON. Deutsche Bank Aktiengesellschaft increased their price target on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Keefe, Bruyette & Woods upgraded shares of AON from an “underperform” rating to an “outperform” rating and boosted their price target for the company from $313.00 to $380.00 in a report on Tuesday, July 30th. Morgan Stanley dropped their price objective on shares of AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. upped their target price on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Barclays started coverage on AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target on the stock. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $347.06.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.