S Bank Fund Management Ltd Takes Position in Aon plc $AON

S Bank Fund Management Ltd purchased a new stake in shares of Aon plc (NYSE:AONFree Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,830 shares of the financial services provider’s stock, valued at approximately $653,000.

Several other institutional investors have also made changes to their positions in AON. U.S. Capital Wealth Advisors LLC grew its holdings in shares of AON by 0.9% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock worth $1,108,000 after purchasing an additional 28 shares during the last quarter. HHM Wealth Advisors LLC grew its holdings in shares of AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 29 shares during the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of AON by 2.6% during the first quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 30 shares during the last quarter. Sunflower Bank N.A. grew its holdings in shares of AON by 1.8% during the second quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock worth $598,000 after purchasing an additional 30 shares during the last quarter. Finally, MBL Wealth LLC grew its holdings in shares of AON by 2.1% during the first quarter. MBL Wealth LLC now owns 1,503 shares of the financial services provider’s stock worth $600,000 after purchasing an additional 31 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Trading Down 3.6%

Shares of AON opened at $343.09 on Friday. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. The stock’s fifty day simple moving average is $363.65 and its 200-day simple moving average is $361.80. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $73.98 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 2.09 and a beta of 0.89.

AON (NYSE:AONGet Free Report) last released its earnings results 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. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the prior year, the firm posted $2.93 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. As a group, research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be paid a $0.745 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s dividend payout ratio is presently 24.96%.

Analyst Ratings Changes

Several analysts have recently commented on AON shares. JPMorgan Chase & Co. decreased their target price on AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Wolfe Research initiated coverage on AON in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Barclays reaffirmed an “overweight” rating and set a $420.00 price target (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Piper Sandler upped their price target on AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, TD Cowen cut their price target on AON from $427.00 to $419.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $420.00.

Check Out Our Latest Analysis on AON

About AON

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for AON (NYSE:AON)

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