Northwestern Mutual Wealth Management Co. Has $8.66 Million Stake in Aon plc $AON

Key Points

• Northwestern Mutual Wealth Management Co. reduced its stake in Aon plc by 6.5%, now holding 21,694 shares valued at approximately $8.66 million as per their latest SEC filing.
• Aon has announced a quarterly dividend of $0.745 per share, translating to an annualized payout of $2.98 and a yield of 0.8%.
• In terms of earnings, Aon reported $3.49 EPS, surpassing analysts' expectations of $3.40, with revenue of $4.16 billion reflecting a 10.5% increase year-over-year.

Northwestern Mutual Wealth Management Co. lowered its stake in Aon plc (NYSE:AON - Free Report) by 6.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,694 shares of the financial services provider's stock after selling 1,513 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in AON were worth $8,658,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AON. Financial Gravity Asset Management Inc. bought a new position in shares of AON in the first quarter worth $28,000. HHM Wealth Advisors LLC increased its position in shares of AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock worth $33,000 after purchasing an additional 29 shares during the period. Tsfg LLC bought a new position in AON in the first quarter valued at about $37,000. Accent Capital Management LLC bought a new position in AON in the first quarter valued at about $40,000. Finally, Garde Capital Inc. bought a new position in AON in the first quarter valued at about $42,000. Institutional investors own 86.14% of the company's stock.

AON Trading Up 0.2%

Shares of AON stock traded up $0.62 on Friday, reaching $367.16. 774,627 shares of the company's stock were exchanged, compared to its average volume of 1,294,106. The company has a market capitalization of $79.17 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 2.17 and a beta of 0.83. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The firm's 50-day moving average is $361.09 and its two-hundred day moving average is $369.90. 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 posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) 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 analysts' expectations of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The company's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.93 EPS. Sell-side analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

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

Analyst Upgrades and Downgrades

AON has been the topic of a number of recent analyst reports. Cantor Fitzgerald upgraded AON to a "strong-buy" rating in a research report on Wednesday, August 13th. Evercore ISI boosted their price target on AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Piper Sandler boosted 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. Morgan Stanley restated a "cautious" rating on shares of AON in a report on Monday, August 18th. Finally, Wells Fargo & Company restated an "overweight" rating and set a $438.00 price target (up from $436.00) on shares of AON in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $412.69.

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.