International Assets Investment Management LLC Makes New Investment in Aon plc (NYSE:AON)

International Assets Investment Management LLC bought a new position in shares of Aon plc (NYSE:AON) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 261,870 shares of the financial services provider’s stock, valued at approximately $906,040,000. International Assets Investment Management LLC owned approximately 0.12% of AON as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. CVA Family Office LLC boosted its position in AON by 8.4% during the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 29 shares in the last quarter. Amplius Wealth Advisors LLC boosted its position in AON by 2.4% during the third quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 31 shares in the last quarter. waypoint wealth counsel boosted its position in AON by 3.6% during the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 32 shares in the last quarter. Trust Co. of Vermont lifted its position in shares of AON by 8.7% in the third quarter. Trust Co. of Vermont now owns 438 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 35 shares in the last quarter. Finally, Trust Co. of Oklahoma lifted its position in shares of AON by 3.5% in the third quarter. Trust Co. of Oklahoma now owns 1,071 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 36 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of NYSE:AON opened at $358.29 on Thursday. The firm has a market capitalization of $77.83 billion, a PE ratio of 28.64, a P/E/G ratio of 2.31 and a beta of 0.92. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. The business has a 50-day moving average of $347.63 and a two-hundred day moving average of $316.00. Aon plc has a 12 month low of $268.06 and a 12 month high of $363.46.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing the consensus estimate of $3.08 by ($0.15). The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The business’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.76 earnings per share. As a group, research analysts forecast that Aon plc will post 15.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.675 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.75%. AON’s dividend payout ratio (DPR) is currently 21.58%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AON. Piper Sandler upped their price objective on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price objective on shares of AON in a research report on Monday, August 5th. Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and upped their price objective for the company from $313.00 to $380.00 in a research report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price objective on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, AON presently has a consensus rating of “Hold” and an average target price of $347.06.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.