Aon plc $AON Stock: Curated Wealth Partners LLC Lowers Holdings

Curated Wealth Partners LLC lessened its holdings in shares of Aon plc (NYSE:AON) by 94.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,874 shares of the financial services provider’s stock after selling 102,454 shares during the quarter. Curated Wealth Partners LLC’s holdings in AON were worth $1,626,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AON. Independent Franchise Partners LLP increased its position in shares of AON by 0.9% in the 4th quarter. Independent Franchise Partners LLP now owns 2,115,523 shares of the financial services provider’s stock valued at $746,526,000 after acquiring an additional 19,037 shares during the period. Bank of America Corp DE lifted its stake in AON by 16.3% during the 1st quarter. Bank of America Corp DE now owns 1,582,680 shares of the financial services provider’s stock valued at $510,857,000 after acquiring an additional 222,092 shares during the period. Amundi increased its stake in shares of AON by 23.5% in the first quarter. Amundi now owns 1,502,890 shares of the financial services provider’s stock worth $485,103,000 after acquiring an additional 285,549 shares during the period. Dimensional Fund Advisors LP grew its position in AON by 20.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,253,769 shares of the financial services provider’s stock worth $404,709,000 after purchasing an additional 213,051 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of AON by 74.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 797,418 shares of the financial services provider’s stock valued at $257,391,000 after buying an additional 340,866 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on AON shares. Morgan Stanley cut their price objective on shares of AON from $410.00 to $350.00 and set an “overweight” rating for the company in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of AON in a report on Tuesday, September 1st. JPMorgan Chase & Co. cut their target price on shares of AON from $412.00 to $362.00 and set an “overweight” rating for the company in a research note on Thursday, October 1st. BMO Capital Markets lowered their price objective on AON from $360.00 to $286.00 and set a “market perform” rating on the stock in a report on Thursday, October 1st. Finally, Weiss Ratings cut shares of AON from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th. Twelve analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $367.59.

Insider Buying and Selling at AON

In related news, Director Lester B. Knight purchased 20,000 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were bought at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the completion of the purchase, the director directly owned 163,000 shares of the company’s stock, valued at approximately $53,379,240. This trade represents a 13.99% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Darren Zeidel sold 1,950 shares of AON stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $372.05, for a total value of $725,497.50. Following the sale, the general counsel owned 13,404 shares in the company, valued at $4,986,958.20. This trade represents a 12.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

AON Trading Up 4.6%

Shares of NYSE AON traded up $12.53 during midday trading on Thursday, reaching $287.88. 899,575 shares of the stock were exchanged, compared to its average volume of 1,525,142. Aon plc has a twelve month low of $266.33 and a twelve month high of $382.34. The stock has a market capitalization of $61.07 billion, a P/E ratio of 15.89, a PEG ratio of 1.44 and a beta of 0.70. The company has a 50 day simple moving average of $313.65 and a 200 day simple moving average of $326.52. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.54 and a current ratio of 1.54.

AON (NYSE:AON) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, beating the consensus estimate of $3.80 by $0.01. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.49 EPS. As a group, equities analysts expect that Aon plc will post 18.74 earnings per share for the current year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Monday, November 2nd will be issued a dividend of $0.82 per share. The ex-dividend date is Monday, November 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 1.1%. AON’s dividend payout ratio is 18.08%.

AON Profile

Aon plc is a global professional services firm that helps organizations manage risk, make better decisions and improve performance. Its services are organized around risk capital and human capital, combining advisory expertise, data, analytics and insurance-related solutions.

The company provides commercial risk brokerage and consulting, reinsurance brokerage, retirement and investment advisory services, health benefits consulting, talent and compensation consulting, and related technology and data products.