Aon plc $AON Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC cut its position in Aon plc (NYSE:AON) by 19.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,162 shares of the financial services provider’s stock after selling 54,970 shares during the quarter. Wealthspire Advisors LLC’s holdings in AON were worth $83,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Peak Financial Advisors LLC acquired a new position in shares of AON in the 2nd quarter valued at $2,464,000. Nordea Investment Management AB lifted its position in AON by 6.6% in the second quarter. Nordea Investment Management AB now owns 17,062 shares of the financial services provider’s stock valued at $6,051,000 after acquiring an additional 1,061 shares during the last quarter. Focus Partners Wealth boosted its stake in AON by 27.7% in the first quarter. Focus Partners Wealth now owns 125,834 shares of the financial services provider’s stock valued at $50,219,000 after acquiring an additional 27,280 shares in the last quarter. Jump Financial LLC grew its holdings in shares of AON by 314.2% during the first quarter. Jump Financial LLC now owns 8,809 shares of the financial services provider’s stock worth $3,516,000 after purchasing an additional 6,682 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of AON during the first quarter worth about $635,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Down 0.2%

Shares of AON stock opened at $349.57 on Tuesday. The company has a market capitalization of $75.13 billion, a P/E ratio of 29.28, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The business’s 50 day moving average is $351.47 and its two-hundred day moving average is $357.62. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97.

AON (NYSE:AON) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a return on equity of 50.91% and a net margin of 15.54%.The business 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 business earned $2.72 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, November 3rd. AON’s dividend payout ratio (DPR) is 23.88%.

Analyst Ratings Changes

AON has been the subject of a number of research analyst reports. Roth Capital reissued a “buy” rating and issued a $390.00 target price on shares of AON in a research report on Tuesday, November 4th. Citigroup upgraded AON from a “neutral” rating to a “buy” rating and set a $402.00 price objective for the company in a research note on Monday, November 3rd. UBS Group lowered their target price on shares of AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Jefferies Financial Group raised shares of AON from a “hold” rating to a “buy” rating and lifted their target price for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. Finally, Wolfe Research started coverage on shares of AON in a research note on Monday, September 15th. They set a “peer perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.