Retirement Planning Group LLC Sells 45 Shares of Aon plc $AON

Retirement Planning Group LLC lessened its stake in Aon plc (NYSE:AON) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 889 shares of the financial services provider’s stock after selling 45 shares during the period. Retirement Planning Group LLC’s holdings in AON were worth $317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in AON by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider’s stock worth $7,893,382,000 after buying an additional 258,699 shares in the last quarter. Bank of New York Mellon Corp grew its stake in AON by 18.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider’s stock worth $1,210,864,000 after buying an additional 469,238 shares in the last quarter. Polen Capital Management LLC grew its stake in AON by 318.1% in the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock worth $1,200,350,000 after buying an additional 2,288,397 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in AON by 2.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390,571 shares of the financial services provider’s stock worth $954,053,000 after buying an additional 61,350 shares in the last quarter. Finally, Northern Trust Corp grew its stake in AON by 6.1% in the 1st quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider’s stock worth $914,163,000 after buying an additional 131,676 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Trading Down 0.3%

Shares of AON opened at $342.35 on Thursday. The stock has a market capitalization of $73.82 billion, a P/E ratio of 28.67, a PEG ratio of 2.02 and a beta of 0.89. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The firm has a fifty day simple moving average of $361.80 and a two-hundred day simple moving average of $360.50. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.09. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm’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 company posted $2.93 EPS. On average, research analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be issued a $0.745 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s dividend payout ratio is 24.96%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AON in a research note on Wednesday, October 8th. Piper Sandler upped their price objective on shares of AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $385.00 to $430.00 in a research note on Thursday, September 11th. JPMorgan Chase & Co. cut their price objective 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. Finally, Barclays reaffirmed an “overweight” rating and issued a $420.00 price objective (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. One 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 a consensus price target of $420.00.

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.