Accurate Wealth Management LLC Sells 299 Shares of Aon plc (NYSE:AON)

Accurate Wealth Management LLC decreased its holdings in shares of Aon plc (NYSE:AON) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,418 shares of the financial services provider’s stock after selling 299 shares during the period. AON makes up about 0.9% of Accurate Wealth Management LLC’s portfolio, making the stock its 20th largest position. Accurate Wealth Management LLC’s holdings in AON were worth $4,444,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AON. Y.D. More Investments Ltd bought a new stake in AON during the second quarter valued at approximately $31,000. Nemes Rush Group LLC purchased a new position in AON in the 2nd quarter worth approximately $45,000. Bruce G. Allen Investments LLC grew its stake in AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after buying an additional 58 shares in the last quarter. LRI Investments LLC purchased a new position in AON in the 1st quarter worth approximately $55,000. Finally, New Covenant Trust Company N.A. purchased a new position in AON in the 1st quarter worth approximately $59,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the subject of a number of research reports. Morgan Stanley cut their price target on shares of AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods raised shares of AON from an “underperform” rating to an “outperform” rating and boosted their price target for the stock from $313.00 to $380.00 in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price objective on shares of AON in a report on Monday, August 5th. Finally, Piper Sandler boosted their price objective on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $347.06.

AON Trading Down 0.2 %

NYSE:AON opened at $358.05 on Friday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. The company has a fifty day moving average of $345.94 and a 200 day moving average of $315.31. The firm has a market capitalization of $77.78 billion, a P/E ratio of 28.62, a P/E/G ratio of 2.32 and a beta of 0.92. Aon plc has a 52 week low of $268.06 and a 52 week high of $363.46.

AON (NYSE:AON) last issued its quarterly earnings data 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 for 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%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.76 earnings per share. On average, research analysts predict that Aon plc will post 15.22 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 15th. Stockholders of record on Friday, November 1st will be given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, November 1st. AON’s dividend payout ratio is presently 21.58%.

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.