Curated Wealth Partners LLC Sells 102,454 Shares of Aon plc $AON

Curated Wealth Partners LLC cut its holdings in Aon plc (NYSE:AON) by 94.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,874 shares of the financial services provider’s stock after selling 102,454 shares during the period. Curated Wealth Partners LLC’s holdings in AON were worth $1,626,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. SJS Investment Consulting Inc. boosted its holdings in AON by 258.3% in the first quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 93 shares in the last quarter. Downshift Financial LLC boosted its holdings in AON by 15,700.0% in the third quarter. Downshift Financial LLC now owns 158 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 157 shares in the last quarter. Ashurst Perkins Coie Trust Co bought a new position in shares of AON during the third quarter valued at $60,000. Cassaday & Co Wealth Management LLC bought a new position in AON in the 1st quarter worth about $61,000. Finally, Reflection Asset Management purchased a new stake in AON during the 4th quarter valued at about $72,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AON shares. Weiss Ratings downgraded AON from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 17th. Evercore reduced their price objective on AON from $423.00 to $375.00 in a research report on Thursday, October 8th. UBS Group reissued a “neutral” rating on shares of AON in a report on Monday, August 31st. Barclays cut their price objective on shares of AON from $382.00 to $317.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 7th. Finally, JPMorgan Chase & Co. lowered their target price on AON from $412.00 to $362.00 and set an “overweight” rating on the stock in a research report on Thursday, October 1st. Twelve research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $367.59.

Insider Activity

In related news, Director Lester B. Knight acquired 20,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was bought at an average cost of $327.48 per share, with a total value of $6,549,600.00. Following the transaction, the director directly owned 163,000 shares in the company, valued at approximately $53,379,240. This represents a 13.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Darren Zeidel sold 1,900 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $377.76, for a total transaction of $717,744.00. Following the transaction, the general counsel directly owned 11,504 shares in the company, valued at approximately $4,345,751.04. This trade represents a 14.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.00% of the stock is owned by company insiders.

AON Price Performance

Shares of AON traded up $12.53 during midday trading on Thursday, hitting $287.88. 899,575 shares of the company traded hands, compared to its average volume of 1,525,142. The firm has a 50 day moving average of $313.65 and a 200-day moving average of $326.52. Aon plc has a 52 week low of $266.33 and a 52 week high of $382.34. The stock has a market cap of $61.07 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.44 and a beta of 0.70. 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 released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.80 by $0.01. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. AON had a net margin of 22.27% and a return on equity of 42.13%. AON’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.49 earnings per share. On average, analysts forecast that Aon plc will post 18.74 EPS for the current fiscal year.

AON Announces Dividend

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

AON Company 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.