Aon plc $AON Shares Sold by Sendero Wealth Management LLC

Sendero Wealth Management LLC cut its holdings in Aon plc (NYSE:AON - Free Report) by 25.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,408 shares of the financial services provider's stock after selling 809 shares during the period. Sendero Wealth Management LLC's holdings in AON were worth $859,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Gravity Asset Management Inc. purchased a new stake in AON during the first quarter worth approximately $28,000. Saudi Central Bank acquired a new stake in AON during the first quarter worth approximately $31,000. Pinnacle Bancorp Inc. lifted its position in shares of 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 during the last quarter. HHM Wealth Advisors LLC boosted its holdings in shares of AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after buying an additional 29 shares in the last quarter. Finally, Tsfg LLC purchased a new position in shares of AON in the 1st quarter valued at $37,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Price Performance

Shares of NYSE AON opened at $364.06 on Monday. The stock has a fifty day moving average price of $363.77 and a 200 day moving average price of $363.61. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. 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 company has a market cap of $78.50 billion, a PE ratio of 30.49, a P/E/G ratio of 2.16 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts' consensus estimates of $3.40 by $0.09. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. AON's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.93 EPS. Sell-side analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.745 per share. The ex-dividend date was Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON's payout ratio is presently 24.96%.

Analyst Ratings Changes

Several equities analysts have issued reports on AON shares. Barclays restated an "overweight" rating and issued a $420.00 price objective (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Wolfe Research started coverage on AON in a research report on Monday, September 15th. They issued a "peer perform" rating for the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of AON in a research report on Saturday, September 27th. Citigroup assumed coverage on AON in a report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price objective for the company. Finally, Piper Sandler lifted their target price on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $415.06.

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.

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