Aon plc $AON Stake Increased by Bessemer Group Inc.

Bessemer Group Inc. grew its holdings in Aon plc (NYSE:AON) by 9.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,258 shares of the financial services provider’s stock after purchasing an additional 985 shares during the period. Bessemer Group Inc.’s holdings in AON were worth $4,016,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of AON by 0.9% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock valued at $1,108,000 after purchasing an additional 28 shares in the last quarter. HHM Wealth Advisors LLC lifted its holdings in shares of AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 29 shares in the last quarter. Catalyst Financial Partners LLC lifted its holdings in shares of AON by 2.6% in the first quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 30 shares in the last quarter. Sunflower Bank N.A. lifted its holdings in shares of AON by 1.8% in the second quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock valued at $598,000 after purchasing an additional 30 shares in the last quarter. Finally, MBL Wealth LLC lifted its holdings in shares of AON by 2.1% in the first quarter. MBL Wealth LLC now owns 1,503 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the subject of several recent research reports. Cantor Fitzgerald upgraded AON to a “strong-buy” rating in a report on Wednesday, August 13th. Piper Sandler increased their price objective on AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and increased their price objective for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. JPMorgan Chase & Co. cut their price objective on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Finally, Wells Fargo & Company cut their price objective on AON from $451.00 to $448.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, AON currently has an average rating of “Moderate Buy” and an average price target of $420.00.

AON Trading Down 1.2%

AON stock opened at $326.01 on Thursday. 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 capitalization of $70.30 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.94 and a beta of 0.89. Aon plc has a one year low of $323.73 and a one year high of $412.97. The company’s fifty day moving average price is $358.31 and its two-hundred day moving average price is $359.23.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 3rd. AON’s dividend payout ratio is presently 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.