Inspirion Wealth Advisors LLC Reduces Holdings in Aon plc (NYSE:AON)

Inspirion Wealth Advisors LLC reduced its stake in Aon plc (NYSE:AON) by 13.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,227 shares of the financial services provider’s stock after selling 193 shares during the period. Inspirion Wealth Advisors LLC’s holdings in AON were worth $360,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AON. Frazier Financial Advisors LLC purchased a new position in shares of AON in the 4th quarter valued at approximately $31,000. Rise Advisors LLC bought a new stake in shares of AON during the 1st quarter valued at $37,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of AON in the 4th quarter worth about $43,000. First United Bank & Trust bought a new position in shares of AON in the 4th quarter worth about $44,000. Finally, LRI Investments LLC purchased a new position in AON during the 1st quarter valued at about $55,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Performance

AON stock traded up $2.50 during midday trading on Friday, reaching $329.44. 1,460,179 shares of the company traded hands, compared to its average volume of 1,300,042. Aon plc has a 12 month low of $268.06 and a 12 month high of $344.68. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. The business has a 50 day moving average of $301.47 and a two-hundred day moving average of $304.29. The firm has a market capitalization of $71.63 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.91.

AON (NYSE:AON) last released its quarterly 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 firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the business earned $2.76 earnings per share. As a group, research analysts predict that Aon plc will post 15.28 earnings per share for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, August 1st. AON’s payout ratio is currently 21.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of AON from $287.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Piper Sandler boosted their target price on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $311.00 price target on shares of AON in a research report on Tuesday, May 28th. JPMorgan Chase & Co. increased their price objective on shares of AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $335.00 target price on shares of AON in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, AON has a consensus rating of “Hold” and an average price target of $330.21.

About AON

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.