Beverly Hills Private Wealth LLC Grows Stake in Aon plc $AON

Beverly Hills Private Wealth LLC lifted its stake in shares of Aon plc (NYSE:AON) by 6.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,442 shares of the financial services provider’s stock after purchasing an additional 147 shares during the period. Beverly Hills Private Wealth LLC’s holdings in AON were worth $871,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AON. Polen Capital Management LLC increased its stake in shares of AON by 318.1% during the first quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock worth $1,200,350,000 after purchasing an additional 2,288,397 shares in the last quarter. Nuveen LLC purchased a new stake in AON during the 1st quarter valued at about $505,108,000. Wellington Management Group LLP purchased a new stake in AON during the 1st quarter valued at about $490,634,000. Bank of New York Mellon Corp grew its stake in AON by 18.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider’s stock valued at $1,210,864,000 after acquiring an additional 469,238 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in AON by 276.0% during the 2nd quarter. Vontobel Holding Ltd. now owns 460,971 shares of the financial services provider’s stock valued at $164,456,000 after acquiring an additional 338,373 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Performance

NYSE:AON opened at $344.30 on Tuesday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market capitalization of $74.24 billion, a P/E ratio of 28.84, a PEG ratio of 2.04 and a beta of 0.89. The company has a 50 day moving average price of $362.79 and a 200 day moving average price of $360.75. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97.

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

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be given a dividend of $0.745 per share. The ex-dividend date of this dividend 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 presently 24.96%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AON. Evercore ISI upped 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. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Wolfe Research assumed coverage on shares of AON in a research note on Monday, September 15th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. dropped their price target on shares of AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Finally, Jefferies Financial Group raised shares of AON from a “hold” rating to a “buy” rating and increased their price target for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, AON has an average rating of “Moderate Buy” and a consensus price target of $420.00.

About AON

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.