WCM Investment Management LLC Sells 11,573 Shares of Aon plc $AON

Key Points

• WCM Investment Management LLC reduced its stake in Aon plc by 11,573 shares, bringing its total ownership to 2,040,243 shares, which account for 1.6% of its holdings.
• Aon recently announced a quarterly dividend of $0.745 per share, with an annualized dividend yield of 0.8%, to be paid on November 14th.
• Analysts have mixed ratings on Aon, with 1 Strong Buy, 11 Buy, and 5 Hold ratings, while the consensus price target is $420.00.

WCM Investment Management LLC cut its stake in Aon plc (NYSE:AON - Free Report) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,040,243 shares of the financial services provider's stock after selling 11,573 shares during the quarter. AON accounts for 1.6% of WCM Investment Management LLC's holdings, making the stock its 22nd biggest position. WCM Investment Management LLC owned 0.94% of AON worth $719,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Evernest Financial Advisors LLC increased its stake in shares of AON by 9.0% in the 2nd quarter. Evernest Financial Advisors LLC now owns 2,177 shares of the financial services provider's stock valued at $777,000 after acquiring an additional 179 shares during the last quarter. Dash Acquisitions Inc. increased its stake in shares of AON by 3.5% in the 2nd quarter. Dash Acquisitions Inc. now owns 23,887 shares of the financial services provider's stock valued at $8,535,000 after acquiring an additional 809 shares during the last quarter. Mutual Advisors LLC increased its stake in shares of AON by 17.6% in the 2nd quarter. Mutual Advisors LLC now owns 754 shares of the financial services provider's stock valued at $281,000 after acquiring an additional 113 shares during the last quarter. Curated Wealth Partners LLC increased its stake in shares of AON by 17.3% in the 2nd quarter. Curated Wealth Partners LLC now owns 3,075 shares of the financial services provider's stock valued at $1,097,000 after acquiring an additional 453 shares during the last quarter. Finally, Equitable Trust Co. grew its position in shares of AON by 1.5% in the 2nd quarter. Equitable Trust Co. now owns 7,793 shares of the financial services provider's stock valued at $2,780,000 after purchasing an additional 114 shares during the period. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on AON from $436.00 to $433.00 and set an "overweight" rating for the company in a research report on Thursday, October 9th. TD Cowen decreased their price objective on AON from $427.00 to $419.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th. Jefferies Financial Group upgraded AON from a "hold" rating to a "buy" rating and boosted their price objective for the company from $400.00 to $426.00 in a research report on Wednesday, July 30th. Citigroup assumed coverage on AON in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price objective for the company. Finally, Morgan Stanley upgraded AON from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $385.00 to $430.00 in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, AON presently has a consensus rating of "Moderate Buy" and a consensus price target of $420.00.

AON Trading Down 1.3%

NYSE:AON opened at $355.78 on Thursday. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The business has a 50 day moving average price of $364.09 and a two-hundred day moving average price of $362.18. The company has a market cap of $76.72 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last released 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. 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 the consensus estimate of $4.16 billion. During the same quarter in the prior year, the firm posted $2.93 EPS. The business's revenue was up 10.5% on a year-over-year basis. As a group, analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be issued a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, November 3rd. AON's dividend payout ratio is presently 24.96%.

AON 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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