Cwm LLC Sells 938 Shares of Aon plc $AON

Key Points

• Cwm LLC reduced its stake in Aon plc by 7.6% during the second quarter, selling 938 shares and retaining a total of 11,365 shares valued at approximately $4.05 million.
• Aon recently announced a quarterly dividend of $0.745 per share, set to be paid on November 14th, providing an annualized yield of 0.9%.
• The stock price of Aon plc experienced a decline of 3.6%, with its shares recently trading at $343.09, amidst a 52-week range of $323.73 to $412.97.

Cwm LLC lessened its stake in Aon plc (NYSE:AON - Free Report) by 7.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,365 shares of the financial services provider's stock after selling 938 shares during the period. Cwm LLC's holdings in AON were worth $4,055,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC lifted its stake in shares of AON by 26.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,556 shares of the financial services provider's stock valued at $9,475,000 after acquiring an additional 5,621 shares during the last quarter. Johnson Investment Counsel Inc. lifted its stake in shares of AON by 4.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 18,091 shares of the financial services provider's stock valued at $6,454,000 after acquiring an additional 719 shares during the last quarter. Natural Investments LLC bought a new stake in shares of AON in the 2nd quarter valued at about $210,000. Trust Co. of Toledo NA OH bought a new stake in shares of AON in the 2nd quarter valued at about $32,000. Finally, Aberdeen Group plc lifted its stake in shares of AON by 5.6% in the 2nd quarter. Aberdeen Group plc now owns 152,186 shares of the financial services provider's stock valued at $54,294,000 after acquiring an additional 8,050 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

AON Stock Down 3.6%

Shares of NYSE:AON opened at $343.09 on Friday. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The firm has a market capitalization of $73.98 billion, a P/E ratio of 28.73, a P/E/G ratio of 2.09 and a beta of 0.89. The stock has a 50 day moving average price of $363.65 and a 200-day moving average price of $361.80. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52.

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

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 3rd. AON's dividend payout ratio (DPR) is 24.96%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AON. Morgan Stanley upgraded AON from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $385.00 to $430.00 in a research report on Thursday, September 11th. Piper Sandler lifted their price target on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Jefferies Financial Group upgraded shares of AON from a "hold" rating to a "buy" rating and lifted their price target for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. Citigroup started coverage on shares of AON in a report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price target on the stock. Finally, Wells Fargo & Company cut their price target on shares of AON from $451.00 to $448.00 and set an "overweight" rating on the stock in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $420.00.

About AON

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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