CENTRAL TRUST Co raised its holdings in shares of Aon plc (NYSE:AON – Free Report) by 750.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,587 shares of the financial services provider’s stock after purchasing an additional 6,695 shares during the quarter. CENTRAL TRUST Co’s holdings in AON were worth $2,100,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC increased its holdings in shares of AON by 693.8% in the third quarter. Valued Wealth Advisors LLC now owns 127 shares of the financial services provider’s stock valued at $35,000 after buying an additional 111 shares in the last quarter. Downshift Financial LLC lifted its position in shares of AON by 15,700.0% during the 3rd quarter. Downshift Financial LLC now owns 158 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 157 shares during the last quarter. Ashurst Perkins Coie Trust Co bought a new stake in shares of AON during the 3rd quarter worth $60,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of AON in the 1st quarter worth $61,000. Finally, Maryland Capital Advisors Inc. grew its holdings in shares of AON by 23,400.0% in the 3rd quarter. Maryland Capital Advisors Inc. now owns 235 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 234 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. Deutsche Bank reaffirmed a “hold” rating on shares of AON in a research report on Tuesday, September 1st. Roth Capital set a $380.00 price target on AON and gave the company a “buy” rating in a research report on Tuesday, September 1st. Weiss Ratings cut AON from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th. Cantor Fitzgerald boosted their price objective on AON from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. Finally, The Goldman Sachs Group boosted their price objective on AON from $375.00 to $401.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, AON has an average rating of “Hold” and an average price target of $369.12.
Check Out Our Latest Research Report on AON
AON Trading Down 1.0%
AON stock opened at $333.29 on Friday. The company has a 50 day moving average price of $300.62 and a 200 day moving average price of $325.91. Aon plc has a 52 week low of $266.33 and a 52 week high of $382.34. The company has a debt-to-equity ratio of 2.58, a quick ratio of 4.72 and a current ratio of 4.72. The firm has a market capitalization of $70.71 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 1.77 and a beta of 0.63.
AON (NYSE:AON – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $3.36 earnings per share for the quarter, topping the consensus estimate of $3.30 by $0.06. AON had a net margin of 22.24% and a return on equity of 40.46%. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the company posted $3.05 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Research analysts forecast that Aon plc will post 18.49 EPS for the current year.
AON Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Monday, November 2nd will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 2nd. AON’s dividend payout ratio (DPR) is 17.96%.
Insider Buying and Selling at AON
In other AON news, Director Lester Knight purchased 20,000 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were acquired at an average price of $327.48 per share, for a total transaction of $6,549,600.00. Following the completion of the acquisition, the director owned 163,000 shares of the company’s stock, valued at $53,379,240. This represents a 13.99% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.
AON Profile
Aon plc is a global professional services firm that helps organizations manage risk and make decisions about their people and finances. Its services include insurance brokerage, risk consulting, reinsurance solutions, employee benefits consulting and retirement and investment advisory services. The company serves businesses and institutions across a broad range of industries and geographies. Aon was formed in 1982 as Ryan Insurance Group and adopted the Aon name in 1987. It is headquartered in Dublin, Ireland, and operates internationally.
Featured Stories
- Five stocks we like better than AON
- Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board
- Can NVIDIA Maintain Its Momentum Without Huang?
- Six Flags Lost $366 Million in Q3—Its Insiders Just Went Shopping
- What Went Wrong With Amprius Technologies’ Q3? Less Than You’d Think
Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon plc (NYSE:AON – Free Report).
Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.
