Wrapmanager Inc. Sells 172 Shares of Aon plc $AON

Wrapmanager Inc. trimmed its holdings in shares of Aon plc (NYSE:AON) by 13.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,068 shares of the financial services provider’s stock after selling 172 shares during the period. Wrapmanager Inc.’s holdings in AON were worth $381,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of AON by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider’s stock valued at $7,893,382,000 after acquiring an additional 258,699 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of AON by 3.2% during the second quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock worth $1,987,961,000 after purchasing an additional 173,722 shares during the period. Bank of New York Mellon Corp increased its holdings in AON by 15.6% in the second quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock valued at $1,251,391,000 after purchasing an additional 473,594 shares during the last quarter. Polen Capital Management LLC lifted its stake in AON by 318.1% in the first quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock valued at $1,200,350,000 after buying an additional 2,288,397 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in AON by 13.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,706,904 shares of the financial services provider’s stock worth $965,715,000 after buying an additional 316,333 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

AON Stock Performance

Shares of AON stock opened at $350.68 on Friday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The company’s 50 day moving average price is $352.27 and its two-hundred day moving average price is $357.52. The company has a market capitalization of $75.37 billion, a P/E ratio of 29.37, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86.

AON (NYSE:AON) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.14. AON had a net margin of 15.54% and a return on equity of 50.91%. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the company earned $2.72 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, analysts expect that Aon plc will post 17.21 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, November 14th. Shareholders of record on Monday, November 3rd will be paid a $0.745 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. AON’s dividend payout ratio (DPR) is currently 23.88%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AON. Barclays reaffirmed an “overweight” rating and issued a $420.00 price target (up from $401.00) on shares of AON in a research note on Thursday, July 31st. Weiss Ratings cut shares of AON from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, November 7th. Wells Fargo & Company cut their target price on shares of AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Wolfe Research started coverage on shares of AON in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley upgraded shares of AON from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $385.00 to $430.00 in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $419.13.

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.