Sowell Financial Services LLC Increases Stake in Aon plc $AON

Sowell Financial Services LLC increased its position in shares of Aon plc (NYSE:AON) by 29.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 846 shares of the financial services provider’s stock after buying an additional 194 shares during the period. Sowell Financial Services LLC’s holdings in AON were worth $302,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of AON by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,082 shares of the financial services provider’s stock worth $10,086,000 after purchasing an additional 194 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in AON by 32.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 791 shares of the financial services provider’s stock worth $316,000 after buying an additional 196 shares during the last quarter. Boston Common Asset Management LLC boosted its position in shares of AON by 89.0% during the 1st quarter. Boston Common Asset Management LLC now owns 26,439 shares of the financial services provider’s stock worth $10,552,000 after acquiring an additional 12,450 shares in the last quarter. Versant Capital Management Inc raised its position in shares of AON by 75.6% during the 1st quarter. Versant Capital Management Inc now owns 483 shares of the financial services provider’s stock worth $193,000 after acquiring an additional 208 shares in the last quarter. Finally, Moody National Bank Trust Division purchased a new stake in AON during the first quarter worth approximately $203,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. TD Cowen dropped their price target on shares of AON from $427.00 to $419.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Wolfe Research started coverage on shares of AON in a research note on Monday, September 15th. They set a “peer perform” rating on the stock. Barclays restated an “overweight” rating and issued a $420.00 price objective (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Cantor Fitzgerald upgraded AON to a “strong-buy” rating in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $438.00 target price (up from $436.00) on shares of AON in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $414.69.

AON Stock Performance

NYSE AON opened at $351.04 on Friday. The business’s 50-day moving average price is $363.73 and its 200 day moving average price is $365.52. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The firm 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 52-week low of $323.73 and a 52-week high of $412.97.

AON (NYSE:AON) last announced its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.09. The company had revenue of $4.16 billion for 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 company’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the business posted $2.93 EPS. On average, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid 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 payout ratio is currently 24.96%.

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.