Aon plc (NYSE:AON) Shares Sold by Circle Wealth Management LLC

Circle Wealth Management LLC lessened its stake in Aon plc (NYSE:AON) by 62.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,539 shares of the financial services provider’s stock after selling 7,694 shares during the quarter. Circle Wealth Management LLC’s holdings in AON were worth $1,332,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Auxier Asset Management increased its stake in shares of AON by 37.4% in the 2nd quarter. Auxier Asset Management now owns 3,767 shares of the financial services provider’s stock worth $1,106,000 after acquiring an additional 1,025 shares during the last quarter. RiverGlades Family Offices LLC grew its holdings in shares of AON by 6.5% in the second quarter. RiverGlades Family Offices LLC now owns 900 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 55 shares during the period. Summit Trail Advisors LLC increased its position in AON by 10,293.9% during the second quarter. Summit Trail Advisors LLC now owns 225,131 shares of the financial services provider’s stock worth $66,094,000 after purchasing an additional 222,965 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in AON by 4.4% during the second quarter. Thrivent Financial for Lutherans now owns 11,285 shares of the financial services provider’s stock worth $3,313,000 after purchasing an additional 480 shares during the period. Finally, Sei Investments Co. boosted its holdings in AON by 3.8% in the 2nd quarter. Sei Investments Co. now owns 235,263 shares of the financial services provider’s stock valued at $69,068,000 after purchasing an additional 8,647 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Up 0.0 %

AON stock opened at $347.03 on Friday. The firm has a market capitalization of $75.46 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.26 and a beta of 0.92. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. Aon plc has a twelve month low of $268.06 and a twelve month high of $353.54. The stock’s fifty day simple moving average is $330.75 and its 200-day simple moving average is $311.39.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period in the prior year, the business earned $2.76 EPS. AON’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, equities analysts expect that Aon plc will post 15.23 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a $0.675 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.78%. AON’s payout ratio is 21.16%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AON. JPMorgan Chase & Co. raised their price target on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Barclays assumed coverage on AON in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 target price on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $335.00 price target on shares of AON in a research note on Monday, August 5th. Keefe, Bruyette & Woods raised AON from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from $313.00 to $380.00 in a research report on Tuesday, July 30th. Finally, Morgan Stanley decreased their target price on shares of AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $337.27.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.