Circle Wealth Management LLC Decreases Position in Aon plc (NYSE:AON)

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

Other large investors have also modified their holdings of the company. Y.D. More Investments Ltd acquired a new stake in shares of AON during the second quarter worth about $31,000. Rise Advisors LLC purchased a new stake in AON in the first quarter valued at approximately $37,000. Bruce G. Allen Investments LLC boosted its holdings in shares of AON by 52.7% in the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 58 shares during the period. LRI Investments LLC purchased a new position in shares of AON during the first quarter worth approximately $55,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of AON in the 1st quarter valued at $59,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Up 0.0 %

AON stock opened at $347.03 on Friday. Aon plc has a 52 week low of $268.06 and a 52 week high of $353.54. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. The company has a market cap 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’s 50-day moving average price is $330.75 and its 200 day moving average price is $311.39.

AON (NYSE:AON) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 252.81% and a net margin of 18.00%. The business’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.76 EPS. On average, research analysts expect that Aon plc will post 15.23 earnings per share for the current fiscal year.

AON Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AON shares. Barclays initiated coverage on shares of AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective on the stock. Morgan Stanley reduced their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Piper Sandler lifted their target price on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Wells Fargo & Company upped their price target on AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $337.27.

About AON

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.