Brighton Jones LLC Sells 315 Shares of Aon plc $AON

Brighton Jones LLC trimmed its holdings in shares of Aon plc (NYSE:AON) by 4.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,993 shares of the financial services provider’s stock after selling 315 shares during the quarter. Brighton Jones LLC’s holdings in AON were worth $2,495,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new stake in AON during the 1st quarter worth approximately $28,000. Saudi Central Bank bought a new stake in AON during the 1st quarter worth approximately $31,000. Pinnacle Bancorp Inc. grew its stake in shares of AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 33 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of AON during the 2nd quarter worth approximately $32,000. Finally, HHM Wealth Advisors LLC grew its stake in shares of AON by 54.7% during the 1st 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 in the last quarter. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $385.00 to $430.00 in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AON in a research note on Friday. Evercore ISI raised their price target on shares of AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Finally, Wolfe Research started coverage on AON in a report on Monday, September 15th. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $420.00.

AON Trading Down 1.1%

NYSE AON opened at $337.58 on Monday. The company has a market cap of $72.79 billion, a PE ratio of 28.27, a PEG ratio of 1.99 and a beta of 0.89. 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 plc has a 12 month low of $323.73 and a 12 month high of $412.97. The stock has a 50 day moving average of $360.70 and a 200-day moving average of $360.10.

AON (NYSE:AON) last released its quarterly earnings data 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. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.93 EPS. On average, equities research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders 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 yield of 0.9%. AON’s dividend payout ratio (DPR) is currently 24.96%.

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.