Creative Planning Decreases Stake in Aon plc (NYSE:AON)

Creative Planning reduced its stake in shares of Aon plc (NYSE:AON) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,904 shares of the financial services provider’s stock after selling 918 shares during the period. Creative Planning’s holdings in AON were worth $12,077,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new stake in shares of AON in the second quarter valued at about $31,000. Nemes Rush Group LLC purchased a new position in AON in the second quarter worth approximately $45,000. LRI Investments LLC acquired a new position in shares of AON in the 1st quarter valued at $55,000. Bruce G. Allen Investments LLC increased its position in shares of AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 58 shares during the last quarter. Finally, New Covenant Trust Company N.A. acquired a new position in AON in the first quarter valued at about $59,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Down 0.1 %

AON stock opened at $357.43 on Tuesday. The stock has a 50-day simple moving average of $346.51 and a 200-day simple moving average of $315.44. The company has a market capitalization of $77.65 billion, a P/E ratio of 28.57, a PEG ratio of 2.32 and a beta of 0.92. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $363.46.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.15). The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. AON’s revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.76 earnings per share. Equities research analysts expect that Aon plc will post 15.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.675 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.76%. AON’s payout ratio is 21.58%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AON shares. Piper Sandler upped their price objective on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Jefferies Financial Group raised their target price on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley cut their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Evercore ISI lifted their price objective on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company raised their target price on shares of AON from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $347.06.

AON 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.