Cwm LLC Increases Holdings in Aon plc (NYSE:AON)

Cwm LLC raised its stake in Aon plc (NYSE:AON) by 139.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,815 shares of the financial services provider’s stock after buying an additional 8,035 shares during the quarter. Cwm LLC’s holdings in AON were worth $4,056,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AON. Prime Capital Investment Advisors LLC grew its stake in shares of AON by 25.9% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 1,504 shares of the financial services provider’s stock valued at $438,000 after buying an additional 309 shares during the period. Stratos Wealth Partners LTD. boosted its stake in AON by 22.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,252 shares of the financial services provider’s stock worth $1,238,000 after buying an additional 773 shares during the period. 180 Wealth Advisors LLC lifted its holdings in shares of AON by 30.8% in the 4th quarter. 180 Wealth Advisors LLC now owns 857 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 202 shares during the last quarter. Bleakley Financial Group LLC raised its position in AON by 1.2% in the fourth quarter. Bleakley Financial Group LLC now owns 11,195 shares of the financial services provider’s stock valued at $3,258,000 after purchasing an additional 133 shares during the period. Finally, Busey Bank lifted its stake in AON by 111.6% during the 4th quarter. Busey Bank now owns 9,909 shares of the financial services provider’s stock worth $2,884,000 after acquiring an additional 5,227 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Price Performance

AON traded up $2.71 during trading on Wednesday, reaching $326.11. 873,327 shares of the stock were exchanged, compared to its average volume of 1,300,818. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 4.13. The business’s 50 day moving average price is $299.51 and its two-hundred day moving average price is $303.97. Aon plc has a 1 year low of $268.06 and a 1 year high of $344.68. The company has a market capitalization of $70.91 billion, a price-to-earnings ratio of 25.56, a P/E/G ratio of 2.11 and a beta of 0.91.

AON (NYSE:AON) last posted its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. AON’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.76 EPS. As a group, equities research analysts anticipate that Aon plc will post 15.31 earnings per share for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, August 1st. AON’s dividend payout ratio (DPR) is 21.16%.

Insider Buying and Selling at AON

In other AON news, insider Andy Weitz 8,454 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.15% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, July 29th. Bank of America cut AON from a “neutral” rating to an “underperform” rating and cut their price target for the company from $345.00 to $306.00 in a research note on Wednesday, May 22nd. Keefe, Bruyette & Woods raised AON from an “underperform” rating to an “outperform” rating and raised their target price for the stock from $313.00 to $380.00 in a research report on Tuesday, July 30th. Piper Sandler increased their target price on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $311.00 price target on shares of AON in a research report on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $330.21.

AON Company Profile

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.