Corient Private Wealth LLC Trims Holdings in Aon plc $AON

Corient Private Wealth LLC lowered its stake in shares of Aon plc (NYSE:AON) by 8.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,546 shares of the financial services provider’s stock after selling 7,816 shares during the period. Corient Private Wealth LLC’s holdings in AON were worth $28,735,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of AON by 2.6% in the second quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock valued at $7,238,569,000 after purchasing an additional 511,292 shares during the period. Geode Capital Management LLC raised its stake in AON by 3.2% during the second quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock worth $1,987,961,000 after purchasing an additional 173,722 shares during the period. Bank of New York Mellon Corp grew its stake in shares of AON by 15.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock valued at $1,251,391,000 after buying an additional 473,594 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of AON by 13.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,706,904 shares of the financial services provider’s stock worth $965,715,000 after buying an additional 316,333 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of AON by 1.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 2,176,045 shares of the financial services provider’s stock valued at $776,326,000 after buying an additional 40,213 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AON has been the subject of several recent analyst reports. Morgan Stanley set a $400.00 target price on AON in a research note on Tuesday. Citigroup upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $402.00 price objective on the stock in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AON in a research report on Monday. Wolfe Research began coverage on AON in a research report on Monday, September 15th. They issued a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. lowered their price target on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $413.18.

AON Price Performance

AON stock opened at $351.78 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.86. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The firm has a market cap of $75.61 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 2.01 and a beta of 0.84. The company’s 50 day moving average is $346.41 and its two-hundred day moving average is $355.96.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. AON had a net margin of 15.96% and a return on equity of 48.88%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.72 earnings per share. On average, research analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were given a $0.745 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. AON’s dividend payout ratio (DPR) is currently 23.88%.

AON Company 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.