Circle Wealth Management LLC Decreases Holdings in Aon plc (NYSE:AON)

Circle Wealth Management LLC trimmed its position in Aon plc (NYSE:AON - Free Report) by 28.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,249 shares of the financial services provider's stock after selling 1,290 shares during the period. Circle Wealth Management LLC's holdings in AON were worth $1,167,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of AON during the fourth quarter valued at approximately $596,665,000. Artisan Partners Limited Partnership raised its holdings in shares of AON by 86.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock valued at $742,582,000 after buying an additional 960,204 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of AON by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock valued at $1,773,165,000 after buying an additional 627,742 shares during the last quarter. First Trust Advisors LP raised its holdings in AON by 5,877.4% during the fourth quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider's stock worth $192,572,000 after purchasing an additional 527,204 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in AON by 43,000.8% during the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock worth $140,404,000 after purchasing an additional 390,017 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Up 0.7%

NYSE AON traded up $2.59 on Tuesday, hitting $356.16. 625,001 shares of the company were exchanged, compared to its average volume of 1,329,046. The company has a market cap of $76.91 billion, a PE ratio of 28.13, a PEG ratio of 2.12 and a beta of 0.89. Aon plc has a 12 month low of $275.07 and a 12 month high of $412.97. The stock has a fifty day moving average of $376.48 and a 200-day moving average of $375.52. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. The business's revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the prior year, the firm posted $5.66 earnings per share. As a group, analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.745 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. This is an increase from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio is currently 25.38%.

Wall Street Analysts Forecast Growth

AON has been the topic of several recent analyst reports. Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and dropped their target price for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Royal Bank of Canada upped their price objective on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Redburn Atlantic upgraded shares of AON to a "hold" rating in a research report on Tuesday, March 25th. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a report on Tuesday. Finally, Redburn Partners set a $445.00 price objective on shares of AON in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $391.75.

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.