Aon plc $AON Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC cut its holdings in Aon plc (NYSE:AON) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,583 shares of the financial services provider’s stock after selling 597 shares during the period. Axxcess Wealth Management LLC’s holdings in AON were worth $2,349,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of AON by 41.7% during the first quarter. GAMMA Investing LLC now owns 1,909 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 562 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of AON by 61.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 45,308 shares of the financial services provider’s stock worth $18,082,000 after purchasing an additional 17,226 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of AON by 23.8% during the first quarter. Ritholtz Wealth Management now owns 2,188 shares of the financial services provider’s stock worth $873,000 after purchasing an additional 420 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of AON by 121.6% during the first quarter. Exchange Traded Concepts LLC now owns 277 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 152 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of AON by 3.7% during the first quarter. Janney Montgomery Scott LLC now owns 11,230 shares of the financial services provider’s stock worth $4,482,000 after purchasing an additional 396 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of AON in a research report on Wednesday, October 8th. TD Cowen dropped their price target on AON from $427.00 to $419.00 and set a “buy” rating on the stock 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 target for the company from $400.00 to $426.00 in a research report on Wednesday, July 30th. Piper Sandler boosted their price target on AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Finally, Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $385.00 to $430.00 in a research report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, AON currently has a consensus rating of “Moderate Buy” and a consensus price target of $420.00.

AON Price Performance

Shares of 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 stock’s 50 day moving average is $364.09 and its two-hundred day moving average is $362.18. The firm has a market capitalization of $76.72 billion, a PE ratio of 29.80, a P/E/G ratio of 2.12 and a beta of 0.89. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93.

AON (NYSE:AON) last announced its quarterly earnings data 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 company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the previous year, the company earned $2.93 EPS. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

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

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.