Aon plc $AON Shares Sold by MBL Wealth LLC

MBL Wealth LLC cut its position in shares of Aon plc (NYSE:AON) by 5.9% during the 2nd quarter, Holdings Channel reports. The firm owned 1,414 shares of the financial services provider’s stock after selling 89 shares during the period. MBL Wealth LLC’s holdings in AON were worth $504,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new stake in shares of AON during the 1st quarter worth $28,000. Saudi Central Bank bought a new stake in shares of AON during the 1st quarter worth $31,000. Pinnacle Bancorp Inc. boosted its stake in shares of AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 33 shares in the last quarter. HHM Wealth Advisors LLC boosted its stake in shares of AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 29 shares in the last quarter. Finally, Tsfg LLC bought a new stake in shares of AON during the 1st quarter worth $37,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Price Performance

Shares of NYSE:AON opened at $364.06 on Friday. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The business has a 50-day moving average of $363.77 and a two-hundred day moving average of $363.82. The stock has a market capitalization of $78.50 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.16 and a beta of 0.89. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52.

AON (NYSE:AON) last announced 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. The company had revenue of $4.16 billion during 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 business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.93 earnings per share. On average, equities research analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AON shares. Cantor Fitzgerald raised AON to a “strong-buy” rating in a research note on Wednesday, August 13th. TD Cowen lowered their price target on AON from $427.00 to $419.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Wells Fargo & Company reiterated an “overweight” rating and set a $438.00 price target (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Wolfe Research initiated coverage on AON in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $385.00 to $430.00 in a report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $415.06.

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.