CX Institutional Lowers Stock Position in Aon plc $AON

CX Institutional decreased its holdings in Aon plc (NYSE:AON) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,427 shares of the financial services provider’s stock after selling 118 shares during the quarter. CX Institutional’s holdings in AON were worth $3,363,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of AON by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 28,082 shares of the financial services provider’s stock valued at $10,086,000 after buying an additional 194 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in AON by 32.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 791 shares of the financial services provider’s stock valued at $316,000 after acquiring an additional 196 shares during the period. Boston Common Asset Management LLC grew its stake in shares of AON by 89.0% in the 1st quarter. Boston Common Asset Management LLC now owns 26,439 shares of the financial services provider’s stock valued at $10,552,000 after purchasing an additional 12,450 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of AON by 75.6% during the first quarter. Versant Capital Management Inc now owns 483 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 208 shares during the last quarter. Finally, Moody National Bank Trust Division acquired a new stake in shares of AON during the first quarter worth $203,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Down 0.8%

AON stock opened at $351.04 on Friday. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The firm has a market capitalization of $75.69 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 2.10 and a beta of 0.87. The stock’s fifty day moving average is $363.73 and its two-hundred day moving average is $365.52. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52.

AON (NYSE:AON) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.93 EPS. Analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

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

Analysts Set New Price Targets

AON has been the topic of several recent research reports. Jefferies Financial Group raised shares of AON from a “hold” rating to a “buy” rating and boosted their price objective for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. Evercore ISI increased their price target on shares of AON from $411.00 to $421.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $438.00 price objective (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Piper Sandler boosted their target price on AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, Wolfe Research initiated coverage on AON in a report on Monday, September 15th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $414.69.

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.