Modera Wealth Management LLC Buys 714 Shares of Aon plc $AON

Modera Wealth Management LLC lifted its stake in Aon plc (NYSE:AON) by 5.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,272 shares of the financial services provider’s stock after purchasing an additional 714 shares during the quarter. Modera Wealth Management LLC’s holdings in AON were worth $4,735,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. U.S. Capital Wealth Advisors LLC increased its position in 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 valued at $1,108,000 after acquiring an additional 28 shares during the last quarter. HHM Wealth Advisors LLC grew its holdings 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. Catalyst Financial Partners LLC raised its position in AON by 2.6% in the 1st 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 period. Sunflower Bank N.A. lifted its stake in AON by 1.8% in 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 boosted its position 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 valued at $600,000 after buying an additional 31 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AON shares. TD Cowen decreased their price target on AON from $419.00 to $416.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Evercore ISI lifted their target price on AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a research report on Monday. Weiss Ratings reissued a “buy (b-)” rating on shares of AON in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their price target on shares of AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Finally, Wolfe Research began coverage on shares of AON in a research report on Monday, September 15th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $421.07.

AON Trading Up 1.8%

NYSE:AON opened at $346.10 on Friday. The firm has a 50-day simple moving average of $354.08 and a 200-day simple moving average of $357.81. Aon plc has a one year low of $323.73 and a one year high of $412.97. The firm has a market cap of $74.39 billion, a P/E ratio of 28.99, a P/E/G ratio of 1.92 and a beta of 0.86. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52.

AON (NYSE:AON) last released its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $2.72 earnings per share. Equities analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently declared 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 (DPR) is currently 23.88%.

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.