Kestra Advisory Services LLC Has $7.34 Million Stock Position in Aon plc $AON

Kestra Advisory Services LLC reduced its position in Aon plc (NYSE:AON) by 4.3% in the 1st quarter, HoldingsChannel reports. The firm owned 18,403 shares of the financial services provider’s stock after selling 823 shares during the period. Kestra Advisory Services LLC’s holdings in AON were worth $7,344,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Compound Planning Inc. lifted its stake in AON by 35.9% in the 1st quarter. Compound Planning Inc. now owns 2,468 shares of the financial services provider’s stock valued at $985,000 after purchasing an additional 652 shares during the last quarter. Norinchukin Bank The lifted its stake in AON by 13.8% in the 1st quarter. Norinchukin Bank The now owns 10,429 shares of the financial services provider’s stock valued at $4,162,000 after purchasing an additional 1,267 shares during the last quarter. CW Advisors LLC lifted its stake in AON by 33.7% in the 1st quarter. CW Advisors LLC now owns 5,708 shares of the financial services provider’s stock valued at $2,278,000 after purchasing an additional 1,440 shares during the last quarter. Summit Financial LLC lifted its stake in AON by 10.5% in the 1st quarter. Summit Financial LLC now owns 724 shares of the financial services provider’s stock valued at $289,000 after purchasing an additional 69 shares during the last quarter. Finally, GFI Investment Counsel Ltd. lifted its stake in AON by 2.0% in the 1st quarter. GFI Investment Counsel Ltd. now owns 163,336 shares of the financial services provider’s stock valued at $65,186,000 after purchasing an additional 3,209 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on AON shares. Wells Fargo & Company restated an “overweight” rating and set a $438.00 price objective (up from $436.00) on shares of AON in a research report on Thursday, July 10th. Piper Sandler raised their price objective on shares of AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. The Goldman Sachs Group upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 price objective for the company in a research report on Tuesday, May 13th. Citigroup started coverage on shares of AON in a research report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price objective for the company. Finally, Morgan Stanley restated a “cautious” rating on shares of AON in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $409.18.

AON Stock Down 0.2%

Shares of AON opened at $374.4670 on Monday. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The firm’s 50 day moving average is $359.36 and its 200-day moving average is $370.39. The stock has a market capitalization of $80.75 billion, a PE ratio of 31.36, a P/E/G ratio of 2.22 and a beta of 0.83. 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 (NYSE:AON) last announced its earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping 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 company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same period last year, the firm earned $2.93 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $0.745 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. AON’s dividend payout ratio (DPR) is currently 24.96%.

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.