Fifth Third Bancorp Buys 629 Shares of Aon plc $AON

Fifth Third Bancorp lifted its stake in shares of Aon plc (NYSE:AON) by 2.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 25,447 shares of the financial services provider’s stock after buying an additional 629 shares during the period. Fifth Third Bancorp’s holdings in AON were worth $9,078,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Forte Capital LLC ADV grew its holdings in shares of AON by 27.2% during the 2nd quarter. Forte Capital LLC ADV now owns 1,308 shares of the financial services provider’s stock worth $467,000 after acquiring an additional 280 shares during the period. Kwmg LLC grew its stake in AON by 1.4% in the second quarter. Kwmg LLC now owns 18,488 shares of the financial services provider’s stock worth $6,596,000 after purchasing an additional 255 shares during the period. Arlington Partners LLC lifted its position in AON by 10.4% during the second quarter. Arlington Partners LLC now owns 12,704 shares of the financial services provider’s stock valued at $4,532,000 after buying an additional 1,198 shares during the period. Seed Wealth Management Inc. bought a new stake in shares of AON during the 2nd quarter valued at $263,000. Finally, U.S. Capital Wealth Advisors LLC increased its stake in shares of AON by 0.9% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock worth $1,108,000 after acquiring an additional 28 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on AON shares. Citigroup started coverage on shares of AON in a report on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 price objective on the stock. Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and upped their price target for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. Wolfe Research began coverage on AON in a research note on Monday, September 15th. They set a “peer perform” rating for the company. Piper Sandler increased their target price on AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Finally, Barclays reaffirmed an “overweight” rating and issued a $420.00 price target (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $414.69.

AON Trading Down 0.8%

AON stock opened at $351.04 on Friday. Aon plc has a one year low of $323.73 and a one year high of $412.97. The business’s fifty day moving average is $363.73 and its 200 day moving average is $365.52. The stock has a market capitalization of $75.69 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 2.10 and a beta of 0.87. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52.

AON (NYSE:AON) last posted its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter in the prior year, the business earned $2.93 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, sell-side analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 1st. AON’s payout ratio is 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.