Wealthstream Advisors Inc. Has $399,000 Holdings in Aon plc $AON

Wealthstream Advisors Inc. boosted its stake in shares of Aon plc (NYSE:AON) by 13.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,119 shares of the financial services provider’s stock after buying an additional 130 shares during the quarter. Wealthstream Advisors Inc.’s holdings in AON were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. First National Bank of Hutchinson raised its stake in shares of AON by 5.2% in the 2nd quarter. First National Bank of Hutchinson now owns 828 shares of the financial services provider’s stock valued at $295,000 after buying an additional 41 shares in the last quarter. Chevy Chase Trust Holdings LLC raised its stake in shares of AON by 0.5% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 117,135 shares of the financial services provider’s stock valued at $41,789,000 after buying an additional 639 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of AON by 6.6% in the 2nd quarter. Nordea Investment Management AB now owns 17,062 shares of the financial services provider’s stock valued at $6,051,000 after buying an additional 1,061 shares in the last quarter. Empirical Asset Management LLC acquired a new position in shares of AON in the 2nd quarter valued at $785,000. Finally, S Bank Fund Management Ltd acquired a new position in shares of AON in the 2nd quarter valued at $653,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 1.1%

Shares of AON stock opened at $346.74 on Friday. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. The company has a 50-day simple moving average of $363.26 and a 200 day simple moving average of $361.20. 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 stock has a market capitalization of $74.77 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 2.04 and a beta of 0.89.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. 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 earned $2.93 EPS. The company’s revenue was up 10.5% on a year-over-year basis. Research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AON. TD Cowen dropped their price objective on shares of AON from $427.00 to $419.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Evercore ISI increased their price objective on shares of AON from $421.00 to $427.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Wells Fargo & Company dropped their target price on shares of AON from $451.00 to $448.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Morgan Stanley upgraded shares of AON from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $385.00 to $430.00 in a research report on Thursday, September 11th. Finally, Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and increased their target price for the stock from $400.00 to $426.00 in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $420.00.

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.