Aon plc $AON Shares Bought by Journey Advisory Group LLC

Journey Advisory Group LLC lifted its holdings in Aon plc (NYSE:AON) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,774 shares of the financial services provider’s stock after acquiring an additional 85 shares during the period. Journey Advisory Group LLC’s holdings in AON were worth $2,773,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. WCM Investment Management LLC grew its holdings in AON by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider’s stock valued at $809,544,000 after purchasing an additional 6,038 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in AON by 5.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider’s stock valued at $11,183,000 after purchasing an additional 1,489 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in AON by 425.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider’s stock valued at $761,000 after purchasing an additional 1,544 shares in the last quarter. Ninety One North America Inc. grew its holdings in AON by 64.4% during the 1st quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider’s stock valued at $2,986,000 after purchasing an additional 2,932 shares in the last quarter. Finally, Peak Financial Advisors LLC acquired a new stake in AON during the 2nd quarter valued at $2,464,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 1.1%

NYSE AON opened at $346.74 on Monday. The company’s fifty day moving average price is $363.26 and its two-hundred day moving average price is $360.97. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The company has a market capitalization of $74.77 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 2.04 and a beta of 0.89.

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

AON Dividend Announcement

The firm 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 of this dividend is Monday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. AON’s payout ratio is 24.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of AON from a “hold” rating to a “buy” rating and raised their price target for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. Piper Sandler raised their price target on shares of AON from $393.00 to $413.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Evercore ISI increased their price objective on shares of AON from $421.00 to $427.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Morgan Stanley upgraded shares of AON from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $385.00 to $430.00 in a research note on Thursday, September 11th. Finally, Wolfe Research started coverage on shares of AON in a research note on Monday, September 15th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $420.00.

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.