Fischer Financial Services Inc. Has $1.89 Million Stake in Aon plc $AON

Fischer Financial Services Inc. trimmed its position in Aon plc (NYSE:AON) by 1.8% during the second quarter, HoldingsChannel.com reports. The firm owned 5,313 shares of the financial services provider’s stock after selling 97 shares during the quarter. Fischer Financial Services Inc.’s holdings in AON were worth $1,894,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Portside Wealth Group LLC grew its stake in shares of AON by 530.6% during the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider’s stock worth $4,412,000 after acquiring an additional 9,302 shares in the last quarter. WCM Investment Management LLC grew its position in AON by 0.3% in the first 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 increased its stake in AON by 5.6% in 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 buying an additional 1,489 shares during the last quarter. Catalyst Capital Advisors LLC lifted its position 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 worth $761,000 after buying an additional 1,544 shares in the last quarter. Finally, Ninety One North America Inc. grew its holdings in shares of AON by 64.4% in 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 acquiring an additional 2,932 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

NYSE:AON opened at $351.04 on Friday. The firm’s fifty day moving average price is $363.73 and its two-hundred day moving average price is $365.52. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market cap of $75.69 billion, a P/E ratio of 29.40, a P/E/G ratio of 2.10 and a beta of 0.87. Aon plc has a one year low of $323.73 and a one year high of $412.97.

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. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. AON’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.93 EPS. Equities analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a dividend of $0.745 per share. 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 presently 24.96%.

Analyst Ratings Changes

Several analysts recently issued reports on AON shares. TD Cowen dropped their target price on AON from $427.00 to $419.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Wolfe Research initiated coverage on AON in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Evercore ISI boosted their target price on shares of AON from $411.00 to $421.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Piper Sandler increased their price target on shares of AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Barclays restated an “overweight” rating and set a $420.00 price objective (up from $401.00) on shares of AON in a research note on Thursday, July 31st. One investment 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 company. According to data from MarketBeat, AON has an average rating of “Moderate Buy” and an average target price of $414.69.

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.