Beacon Investment Advisory Services Inc. Invests $228,000 in Aon plc $AON

Beacon Investment Advisory Services Inc. acquired a new stake in shares of Aon plc (NYSE:AON) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 639 shares of the financial services provider’s stock, valued at approximately $228,000.

Other institutional investors have also bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new position in AON during the first quarter worth approximately $28,000. Saudi Central Bank acquired a new stake in shares of AON in the 1st quarter worth $31,000. HHM Wealth Advisors LLC raised its holdings 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 during the period. Pinnacle Bancorp Inc. boosted its position 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 valued at $32,000 after acquiring an additional 33 shares during the last quarter. Finally, Tsfg LLC purchased a new stake in shares of AON in the first quarter valued at about $37,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AON has been the topic of several recent analyst reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $438.00 target price (up from $436.00) on shares of AON in a report on Thursday, July 10th. TD Cowen lowered their price objective on AON from $427.00 to $419.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Evercore ISI raised their target price on AON from $411.00 to $421.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Cantor Fitzgerald raised AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, Citigroup assumed coverage on AON in a research report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $414.69.

AON Price Performance

AON stock opened at $351.04 on Friday. The business’s fifty day moving average price is $363.73 and its 200 day moving average price is $365.52. 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 company has a market capitalization of $75.69 billion, a PE ratio of 29.40, a P/E/G ratio of 2.10 and a beta of 0.87.

AON (NYSE:AON) last announced its earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.40 by $0.09. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.AON’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the business posted $2.93 EPS. On average, sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 1st. 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.