Crestwood Advisors Group LLC Sells 3,485 Shares of Aon plc $AON

Crestwood Advisors Group LLC trimmed its position in shares of Aon plc (NYSE:AON) by 36.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,125 shares of the financial services provider’s stock after selling 3,485 shares during the period. Crestwood Advisors Group LLC’s holdings in AON were worth $2,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AON. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of AON by 0.9% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock worth $1,108,000 after acquiring an additional 28 shares during the period. HHM Wealth Advisors LLC boosted its holdings in shares of AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 29 shares during the period. Catalyst Financial Partners LLC boosted its holdings in shares of AON by 2.6% in the first quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock worth $479,000 after acquiring an additional 30 shares during the period. Sunflower Bank N.A. boosted its holdings in shares of AON by 1.8% in the second quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock worth $598,000 after acquiring an additional 30 shares during the period. Finally, MBL Wealth LLC boosted its holdings in shares of AON by 2.1% in the first quarter. MBL Wealth LLC now owns 1,503 shares of the financial services provider’s stock worth $600,000 after acquiring an additional 31 shares during the period. 86.14% of the stock is owned by institutional investors.

AON Trading Down 0.6%

NYSE AON opened at $342.03 on Thursday. The stock’s 50-day simple moving average is $355.04 and its two-hundred day simple moving average is $358.01. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. 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 company has a market capitalization of $73.51 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.92 and a beta of 0.86.

AON (NYSE:AON) last released its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. AON had a return on equity of 50.91% and a net margin of 15.54%.The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter last year, the business posted $2.72 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.745 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. AON’s dividend payout ratio (DPR) is presently 23.88%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AON shares. Piper Sandler raised their price target on AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Keefe, Bruyette & Woods cut their price target on AON from $428.00 to $410.00 and set an “outperform” rating for the company in a report on Tuesday. Barclays reiterated an “overweight” rating and issued a $420.00 price objective (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Wells Fargo & Company lowered their price objective on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Finally, TD Cowen lowered their price objective on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $421.07.

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.