Apollon Wealth Management LLC Buys 159 Shares of Aon plc (NYSE:AON)

Apollon Wealth Management LLC lifted its position in Aon plc (NYSE:AON) by 7.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,236 shares of the financial services provider’s stock after buying an additional 159 shares during the period. Apollon Wealth Management LLC’s holdings in AON were worth $892,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Financial Gravity Asset Management Inc. bought a new position in shares of AON during the 1st quarter worth approximately $28,000. Millstone Evans Group LLC bought a new stake in shares of AON during the 4th quarter valued at about $32,000. Tsfg LLC bought a new stake in AON during the first quarter worth about $37,000. Garde Capital Inc. purchased a new position in shares of AON during the first quarter valued at approximately $42,000. Finally, Nemes Rush Group LLC purchased a new stake in AON during the fourth quarter valued at approximately $55,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Up 0.1%

AON stock opened at $354.75 on Friday. The stock has a fifty day simple moving average of $358.01 and a two-hundred day simple moving average of $370.47. Aon plc has a 12 month low of $295.79 and a 12 month high of $412.97. The firm has a market cap of $76.60 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.11 and a beta of 0.84. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.26.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts’ consensus estimates of $6.04 by ($0.37). AON had a return on equity of 52.71% and a net margin of 15.58%. The business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same period in the previous year, the business earned $5.66 EPS. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. Equities analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.745 per share. The ex-dividend date is Friday, August 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. AON’s dividend payout ratio (DPR) is 25.38%.

Wall Street Analyst Weigh In

Several brokerages have commented on AON. Evercore ISI decreased their price objective on shares of AON from $420.00 to $398.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. raised their price objective on shares of AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Wells Fargo & Company restated an “overweight” rating and set a $438.00 target price (up from $436.00) on shares of AON in a research report on Thursday, July 10th. Piper Sandler raised shares of AON from a “neutral” rating to an “overweight” rating and cut their target price for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Finally, Redburn Atlantic raised shares of AON to a “hold” rating in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $403.00.

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.