Aon plc $AON Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC lowered its stake in Aon plc (NYSE:AON) by 19.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 233,162 shares of the financial services provider’s stock after selling 54,970 shares during the quarter. Wealthspire Advisors LLC owned 0.11% of AON worth $83,183,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in AON. Saudi Central Bank acquired a new stake in shares of AON in the first quarter valued at about $31,000. Atlantic Union Bankshares Corp acquired a new stake in AON in the 2nd quarter worth about $31,000. Pinnacle Bancorp Inc. increased its stake in AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after buying an additional 33 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of AON during the second quarter valued at approximately $32,000. Finally, HHM Wealth Advisors LLC lifted its position in shares of AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 29 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on AON shares. JPMorgan Chase & Co. dropped their price target on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $385.00 to $430.00 in a report on Thursday, September 11th. UBS Group decreased their target price on shares of AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Wolfe Research started coverage on AON in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Finally, TD Cowen lowered their price objective on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, AON presently has an average rating of “Moderate Buy” and an average target price of $419.13.

AON Stock Down 0.2%

AON stock opened at $349.57 on Tuesday. Aon plc has a one year low of $323.73 and a one year high of $412.97. The firm has a market cap of $75.13 billion, a PE ratio of 29.28, a PEG ratio of 1.92 and a beta of 0.86. The firm’s 50 day moving average price is $351.47 and its 200-day moving average price is $357.62. 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 (NYSE:AON) last posted its earnings results on Thursday, October 30th. The financial services provider reported $3.05 earnings per share (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 company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the firm earned $2.72 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were given a $0.745 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. AON’s dividend payout ratio is presently 23.88%.

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.