MV Capital Management Inc. Cuts Stock Position in Aon plc $AON

MV Capital Management Inc. reduced its holdings in Aon plc (NYSE:AON) by 2.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,938 shares of the financial services provider’s stock after selling 203 shares during the period. MV Capital Management Inc.’s holdings in AON were worth $2,832,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MQS Management LLC purchased a new position in shares of AON in the 1st quarter worth approximately $234,000. Signaturefd LLC increased its position in AON by 6.1% during the first quarter. Signaturefd LLC now owns 2,890 shares of the financial services provider’s stock valued at $1,154,000 after acquiring an additional 165 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in AON by 7.7% during the 1st quarter. Apollon Wealth Management LLC now owns 2,236 shares of the financial services provider’s stock valued at $892,000 after purchasing an additional 159 shares during the last quarter. Dakota Wealth Management raised its position in AON by 42.9% in the 1st quarter. Dakota Wealth Management now owns 3,805 shares of the financial services provider’s stock worth $1,519,000 after purchasing an additional 1,143 shares during the period. Finally, Wealthfront Advisers LLC boosted its position in shares of AON by 17.3% during the first quarter. Wealthfront Advisers LLC now owns 14,841 shares of the financial services provider’s stock valued at $5,923,000 after buying an additional 2,186 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

AON has been the topic of several research analyst reports. Piper Sandler upped their price objective on AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Wolfe Research began coverage on shares of AON in a research report on Monday, September 15th. They issued a “peer perform” rating for the company. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods lowered their price target on AON from $428.00 to $410.00 and set an “outperform” rating for the company in a report on Tuesday, November 4th. Finally, UBS Group reduced their price objective on AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a report on Monday. One equities research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $419.13.

AON Price Performance

NYSE AON opened at $350.17 on Thursday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The stock’s fifty day moving average price is $352.72 and its 200 day moving average price is $357.57. The company has a market cap of $75.26 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 1.92 and a beta of 0.86. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.14. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $2.72 earnings per share. As a group, equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be issued a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 3rd. AON’s payout ratio is 23.88%.

AON 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.