Aon plc $AON Shares Sold by Circle Wealth Management LLC

Key Points

• Circle Wealth Management LLC reduced its stake in Aon plc by 24.0% in the first quarter, owning 2,469 shares valued at approximately $985,000.
• Other institutional investors, including Hsbc Holdings PLC and Voya Investment Management LLC, have significantly increased their holdings in Aon, reflecting strong institutional interest in the stock.
• Aon recently posted a quarterly earnings report with $3.49 EPS, surpassing analyst expectations, and announced a quarterly dividend of $0.745 per share.

Circle Wealth Management LLC reduced its stake in Aon plc (NYSE:AON - Free Report) by 24.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,469 shares of the financial services provider's stock after selling 780 shares during the period. Circle Wealth Management LLC's holdings in AON were worth $985,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Portside Wealth Group LLC increased its stake in AON by 530.6% during the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock valued at $4,412,000 after purchasing an additional 9,302 shares in the last quarter. WCM Investment Management LLC increased its holdings in AON by 0.3% in the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock worth $809,544,000 after acquiring an additional 6,038 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in AON by 5.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider's stock worth $11,183,000 after buying an additional 1,489 shares during the period. Catalyst Capital Advisors LLC boosted its stake in shares of AON by 425.3% in the first quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock worth $761,000 after acquiring an additional 1,544 shares during the period. Finally, Ninety One North America Inc. raised its position in shares of AON by 64.4% during the first quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider's stock valued at $2,986,000 after buying an additional 2,932 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on AON shares. Morgan Stanley reiterated a "cautious" rating on shares of AON in a research report on Monday, August 18th. Keefe, Bruyette & Woods reduced their target price on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company restated an "overweight" rating and issued a $438.00 price target (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Evercore ISI increased their price target on shares of AON from $411.00 to $421.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Finally, Piper Sandler raised their price target on AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, AON presently has a consensus rating of "Moderate Buy" and an average price target of $409.18.

AON Price Performance

NYSE:AON traded down $0.8030 during trading hours on Friday, hitting $374.4670. 1,190,563 shares of the stock were exchanged, compared to its average volume of 1,419,945. The firm's fifty day moving average price is $359.36 and its 200 day moving average price is $370.39. 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 company has a market cap of $80.75 billion, a P/E ratio of 31.36, a P/E/G ratio of 2.22 and a beta of 0.83. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping analysts' consensus estimates of $3.40 by $0.09. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates 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 period in the previous year, the business posted $2.93 earnings per share. As a group, equities research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $0.745 per share. The ex-dividend date was Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. AON's dividend payout ratio (DPR) is currently 24.96%.

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.