Corient Private Wealth LP Has $24.27 Million Stock Holdings in Aon plc $AON

Key Points

• Corient Private Wealth increased its Aon position by 80% in the second quarter, adding 32,505 shares for a total holding of 73,158 shares valued at approximately $24.27 million. Institutional investors collectively own 86.14% of Aon.
• Aon reported quarterly EPS of $3.81, narrowly exceeding estimates, while revenue reached $4.25 billion, up 2.2% year over year but below expectations. The company also paid a quarterly dividend of $0.82 per share, representing a 1.1% yield.
• Analysts maintain a generally positive view, with Aon receiving a “Moderate Buy” consensus rating and an average price target of $399.12. Shares recently traded near $303, well below the 12-month high of $382.34, while insider activity included a director’s purchase of 20,000 shares.

Corient Private Wealth LP raised its position in Aon plc (NYSE:AON - Free Report) by 80.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 73,158 shares of the financial services provider's stock after acquiring an additional 32,505 shares during the period. Corient Private Wealth LP's holdings in AON were worth $24,266,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Wealth Watch Advisors INC acquired a new stake in shares of AON in the third quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in AON during the fourth quarter worth $27,000. Kemnay Advisory Services Inc. bought a new position in AON in the fourth quarter valued at $29,000. Strive Asset Management LLC acquired a new stake in AON in the 3rd quarter valued at $35,000. Finally, Cornerstone Financial Management LLC bought a new stake in AON during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Price Performance

Shares of NYSE AON opened at $303.19 on Monday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34. The business's 50 day moving average price is $350.34 and its two-hundred day moving average price is $333.82. The company has a market cap of $64.31 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.53 and a beta of 0.66. Aon plc has a twelve month low of $302.44 and a twelve month high of $382.34.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.80 by $0.01. The company had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%.The business's revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $3.49 earnings per share. On average, analysts predict that Aon plc will post 18.94 EPS for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $3.28 annualized dividend and a dividend yield of 1.1%. AON's payout ratio is presently 18.08%.

Analyst Ratings Changes

A number of research firms recently issued reports on AON. Piper Sandler lowered their target price on AON from $391.00 to $349.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 1st. Keefe, Bruyette & Woods boosted their price target on AON from $412.00 to $417.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 1st. Weiss Ratings upgraded AON from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 19th. Cantor Fitzgerald decreased their target price on shares of AON from $445.00 to $433.00 and set an "overweight" rating for the company in a research note on Tuesday, September 1st. Finally, TD Cowen restated a "buy" rating on shares of AON in a report on Tuesday, September 1st. Twelve investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $399.12.

Insider Activity

In other news, Director Lester B. Knight acquired 20,000 shares of AON stock in a transaction dated Wednesday, September 2nd. The stock was bought at an average price of $327.48 per share, for a total transaction of $6,549,600.00. Following the completion of the acquisition, the director directly owned 163,000 shares in the company, valued at approximately $53,379,240. The trade was a 13.99% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Darren Zeidel sold 1,900 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $377.76, for a total value of $717,744.00. Following the transaction, the general counsel owned 11,504 shares in the company, valued at approximately $4,345,751.04. This trade represents a 14.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,450 shares of company stock valued at $1,659,242 in the last ninety days. 1.00% of the stock is currently owned by insiders.

AON Profile

Aon plc is a global professional services firm that helps organizations manage risk, support workforce strategies and make informed decisions. Its principal activities include commercial risk brokerage, insurance and reinsurance consulting, retirement and investment advisory services, health and benefits consulting, and data- and analytics-based business solutions.

Aon serves businesses, governments, institutional investors and individuals across a broad range of industries and geographies.

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