Wealth Enhancement Advisory Services LLC Has $9.62 Million Stock Holdings in Aon plc $AON

Key Points

• Wealth Enhancement Advisory Services LLC has reduced its holdings in Aon plc by 40.2%, bringing its total shares down to 27,104 and its investment value to $9.62 million.
• Aon reported a quarterly earnings per share of $3.49, exceeding analysts' estimates of $3.40, with a revenue of $4.16 billion.
• Aon recently paid a quarterly dividend of $0.745 per share, contributing to an annualized dividend yield of 0.8%.

Wealth Enhancement Advisory Services LLC lowered its position in shares of Aon plc (NYSE:AON - Free Report) by 40.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,104 shares of the financial services provider's stock after selling 18,204 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in AON were worth $9,616,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AON. Vise Technologies Inc. boosted its position in AON by 26.9% during the 4th quarter. Vise Technologies Inc. now owns 992 shares of the financial services provider's stock worth $356,000 after acquiring an additional 210 shares during the last quarter. GTS Securities LLC boosted its position in AON by 25.8% during the 4th quarter. GTS Securities LLC now owns 1,592 shares of the financial services provider's stock worth $572,000 after acquiring an additional 327 shares during the last quarter. Forum Financial Management LP boosted its position in AON by 4.4% during the 4th quarter. Forum Financial Management LP now owns 950 shares of the financial services provider's stock worth $341,000 after acquiring an additional 40 shares during the last quarter. Ameriflex Group Inc. acquired a new position in AON during the 4th quarter worth approximately $93,000. Finally, Armis Advisers LLC acquired a new position in AON during the 4th quarter worth approximately $235,000. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Stock Up 0.8%

AON opened at $354.10 on Tuesday. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The stock's fifty day simple moving average is $363.80 and its 200 day simple moving average is $366.02. 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 stock has a market cap of $76.35 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 2.08 and a beta of 0.87.

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, beating 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 business had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter in the prior year, the business earned $2.93 EPS. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, research analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

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

Wall Street Analyst Weigh In

AON has been the subject of several recent analyst reports. TD Cowen cut their price objective on AON from $427.00 to $419.00 and set a "buy" rating for the company in a report on Wednesday, September 17th. Wells Fargo & Company reissued an "overweight" rating and issued a $438.00 price objective (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Cantor Fitzgerald raised AON to a "strong-buy" rating in a report on Wednesday, August 13th. Morgan Stanley raised AON from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $385.00 to $430.00 in a report on Thursday, September 11th. Finally, Piper Sandler increased their price objective on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $414.69.

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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