Aon plc $AON Holdings Raised by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in Aon plc (NYSE:AON) by 3.2% during the second quarter, HoldingsChannel.com reports. The fund owned 5,588,279 shares of the financial services provider’s stock after acquiring an additional 173,722 shares during the period. Geode Capital Management LLC’s holdings in AON were worth $1,987,961,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the company. U.S. Capital Wealth Advisors LLC increased 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 valued at $1,108,000 after purchasing an additional 28 shares during the period. HHM Wealth Advisors LLC boosted its holdings in 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 buying an additional 29 shares in the last quarter. Sunflower Bank N.A. grew its holdings in shares of AON by 1.8% in the 2nd quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock worth $598,000 after acquiring an additional 30 shares during the last quarter. MBL Wealth LLC increased its stake in AON by 2.1% in the 1st 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 in the last quarter. Finally, Focus Financial Network Inc. lifted its position in shares of AON by 5.7% in the 2nd quarter. Focus Financial Network Inc. now owns 577 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on AON shares. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research report on Wednesday, August 13th. Evercore ISI upped their target price on AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Weiss Ratings downgraded shares of AON from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, November 7th. Roth Capital restated a “buy” rating and set a $390.00 target price on shares of AON in a research note on Tuesday, November 4th. Finally, UBS Group dropped their price target on AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $419.13.

AON Price Performance

Shares of NYSE:AON opened at $350.17 on Thursday. The firm has a market capitalization of $75.26 billion, a PE ratio of 29.33, a PEG ratio of 1.92 and a beta of 0.86. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The business’s 50 day moving average is $352.72 and its 200-day moving average is $357.57. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93.

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

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 annualized dividend and a dividend yield of 0.9%. AON’s dividend payout ratio (DPR) is presently 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.