Fifth Third Wealth Advisors LLC Has $692,000 Stake in Aon plc $AON

Fifth Third Wealth Advisors LLC decreased its holdings in shares of Aon plc (NYSE:AON) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,939 shares of the financial services provider’s stock after selling 42 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in AON were worth $692,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AON. Farther Finance Advisors LLC boosted its holdings in AON by 26.0% during the first quarter. Farther Finance Advisors LLC now owns 1,265 shares of the financial services provider’s stock worth $505,000 after purchasing an additional 261 shares during the last quarter. GAMMA Investing LLC boosted its holdings in AON by 41.7% during the first quarter. GAMMA Investing LLC now owns 1,909 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 562 shares during the last quarter. Integrated Advisors Network LLC boosted its holdings in AON by 33.3% during the first quarter. Integrated Advisors Network LLC now owns 904 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 226 shares during the last quarter. Focus Financial Network Inc. acquired a new position in AON during the first quarter worth $218,000. Finally, Everhart Financial Group Inc. lifted its stake in AON by 21.2% in the first quarter. Everhart Financial Group Inc. now owns 898 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 157 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AON. Morgan Stanley upgraded shares of AON from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $385.00 to $430.00 in a research note on Thursday, September 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of AON in a research note on Wednesday, October 8th. Citigroup began coverage on shares of AON in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 price target for the company. Barclays reiterated an “overweight” rating and issued a $420.00 price target (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Finally, Piper Sandler increased their price target on shares of AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $420.00.

AON Price Performance

Shares of AON opened at $359.82 on Monday. The firm has a market capitalization of $77.59 billion, a PE ratio of 30.14, a PEG ratio of 2.14 and a beta of 0.89. The company’s 50-day moving average is $364.41 and its 200-day moving average is $362.53. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.09. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.93 earnings per share. Equities analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.