Simplicity Wealth LLC Sells 2,066 Shares of Aon plc $AON

Simplicity Wealth LLC trimmed its position in shares of Aon plc (NYSE:AON) by 48.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,174 shares of the financial services provider’s stock after selling 2,066 shares during the quarter. Simplicity Wealth LLC’s holdings in AON were worth $775,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AON. Boston Common Asset Management LLC lifted its stake in shares of AON by 13.0% in the third quarter. Boston Common Asset Management LLC now owns 39,365 shares of the financial services provider’s stock valued at $14,037,000 after buying an additional 4,532 shares in the last quarter. Vest Financial LLC raised its holdings in shares of AON by 35.0% in the 3rd quarter. Vest Financial LLC now owns 894 shares of the financial services provider’s stock worth $319,000 after acquiring an additional 232 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new position in AON in the 3rd quarter valued at about $46,000. Sage Mountain Advisors LLC boosted its stake in AON by 7.4% during the 3rd quarter. Sage Mountain Advisors LLC now owns 1,515 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 105 shares during the last quarter. Finally, Inscription Capital LLC purchased a new stake in shares of AON in the third quarter worth approximately $225,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

Shares of NYSE:AON opened at $338.56 on Friday. The company has a market capitalization of $72.77 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 1.72 and a beta of 0.84. The company’s 50-day moving average is $348.67 and its 200 day moving average is $354.35. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a net margin of 15.96% and a return on equity of 48.88%. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the firm posted $2.72 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts forecast 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 will be paid on Friday, February 13th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, February 2nd. AON’s dividend payout ratio is 23.88%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AON shares. Evercore ISI reaffirmed an “outperform” rating and set a $436.00 target price on shares of AON in a research report on Wednesday, January 7th. Roth Mkm reaffirmed a “buy” rating and set a $390.00 price objective on shares of AON in a report on Tuesday, November 4th. Morgan Stanley set a $400.00 target price on shares of AON in a report on Tuesday, December 16th. JPMorgan Chase & Co. cut their price target on shares of AON from $433.00 to $406.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. Finally, TD Cowen decreased their price objective on shares of AON from $419.00 to $416.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $408.47.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.