Clune & Associates LTD. Decreases Holdings in Aon plc $AON

Clune & Associates LTD. reduced its position in shares of Aon plc (NYSE:AON) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,245 shares of the financial services provider’s stock after selling 181 shares during the period. Clune & Associates LTD.’s holdings in AON were worth $1,514,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AON. Financial Gravity Asset Management Inc. purchased a new stake in shares of AON in the first quarter valued at about $28,000. Saudi Central Bank acquired a new position in AON in the 1st quarter valued at about $31,000. Pinnacle Bancorp Inc. grew its stake in shares of AON by 56.9% in the second 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. Trust Co. of Toledo NA OH purchased a new stake in shares of AON during the 2nd quarter worth $32,000. Finally, HHM Wealth Advisors LLC boosted its holdings in AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 29 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AON has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Wolfe Research started coverage on AON in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. TD Cowen dropped their price objective on shares of AON from $427.00 to $419.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Piper Sandler upped their target price on shares of AON from $393.00 to $413.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, Cantor Fitzgerald raised AON to a “strong-buy” rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $420.00.

AON Stock Performance

AON stock opened at $344.30 on Tuesday. The stock’s 50 day simple moving average is $362.79 and its 200 day simple moving average is $360.75. 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 plc has a 12-month low of $323.73 and a 12-month high of $412.97. The firm has a market cap of $74.24 billion, a P/E ratio of 28.84, a P/E/G ratio of 2.04 and a beta of 0.89.

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. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.93 EPS. As a group, equities research analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be paid a dividend of $0.745 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s dividend payout ratio (DPR) is presently 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.