Aon plc $AON Shares Acquired by Mutual Advisors LLC

Mutual Advisors LLC lifted its stake in shares of Aon plc (NYSE:AON) by 17.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 754 shares of the financial services provider’s stock after purchasing an additional 113 shares during the quarter. Mutual Advisors LLC’s holdings in AON were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AON. Financial Gravity Asset Management Inc. acquired a new stake in AON in the 1st quarter valued at approximately $28,000. Saudi Central Bank acquired a new stake in AON in the 1st quarter valued at approximately $31,000. Pinnacle Bancorp Inc. increased its position in AON by 56.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 33 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in AON in the 2nd quarter valued at approximately $32,000. Finally, HHM Wealth Advisors LLC increased its position in AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 29 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on AON. Piper Sandler increased 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. Evercore ISI increased their price target on AON from $421.00 to $427.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Jefferies Financial Group raised AON from a “hold” rating to a “buy” rating and increased their price target for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. Citigroup began coverage on AON in a research note on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price target for the company. Finally, Barclays reaffirmed an “overweight” rating and set a $420.00 price target (up from $401.00) on shares of AON in a research note on Thursday, July 31st. One research 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $420.00.

AON Stock Performance

AON opened at $343.36 on Wednesday. The firm has a market cap of $74.04 billion, a PE ratio of 28.76, a P/E/G ratio of 2.02 and a beta of 0.89. 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 business has a fifty day simple moving average of $362.37 and a 200-day simple moving average of $360.63. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97.

AON (NYSE:AON) last released its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.09. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The company’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $2.93 EPS. As a group, equities analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

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

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.