Aon plc $AON Shares Purchased by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC increased its stake in shares of Aon plc (NYSE:AON) by 9.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,177 shares of the financial services provider’s stock after acquiring an additional 179 shares during the period. Evernest Financial Advisors LLC’s holdings in AON were worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new stake in AON during the first quarter worth about $28,000. Saudi Central Bank acquired a new stake in AON during the first quarter worth about $31,000. HHM Wealth Advisors LLC grew 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 acquiring an additional 29 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in AON in the second quarter valued at approximately $32,000. Finally, Pinnacle Bancorp Inc. grew its holdings in AON by 56.9% in the second 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 period. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Price Performance

AON opened at $355.78 on Thursday. The stock’s 50-day moving average price is $364.09 and its 200 day moving average price is $362.18. Aon plc has a 12-month low of $323.73 and a 12-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 firm has a market cap of $76.72 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 2.12 and a beta of 0.89.

AON (NYSE:AON) last posted its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the prior year, the company earned $2.93 EPS. AON’s revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given 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 0.8%. AON’s dividend payout ratio (DPR) is currently 24.96%.

Analyst Ratings Changes

Several brokerages have commented on AON. Weiss Ratings reissued a “buy (b-)” rating on shares of AON in a report on Wednesday, October 8th. Citigroup began coverage on AON in a report on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Cantor Fitzgerald raised AON to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $385.00 to $430.00 in a report on Thursday, September 11th. One equities 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $420.00.

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.