Motco Increases Stock Holdings in Aon plc $AON

Motco raised its position in shares of Aon plc (NYSE:AON) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,806 shares of the financial services provider’s stock after purchasing an additional 686 shares during the quarter. Motco’s holdings in AON were worth $10,247,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several analysts have weighed in on the company. Citigroup initiated coverage on AON in a research note on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price target on the stock. TD Cowen decreased their price objective on AON from $427.00 to $419.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Cantor Fitzgerald raised AON to a “strong-buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. decreased their price objective on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Finally, Wells Fargo & Company decreased their price objective on AON from $451.00 to $448.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, AON presently has an average rating of “Moderate Buy” and a consensus price target of $420.00.

AON Stock Performance

NYSE AON opened at $330.16 on Wednesday. The stock has a market capitalization of $71.19 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 1.98 and a beta of 0.89. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock has a 50-day moving average of $359.26 and a 200 day moving average of $359.58.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be issued a $0.745 dividend. 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 presently 24.96%.

AON Company 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.