Aberdeen Group plc Grows Stock Position in Aon plc $AON

Aberdeen Group plc raised its stake in shares of Aon plc (NYSE:AON) by 5.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 152,186 shares of the financial services provider’s stock after buying an additional 8,050 shares during the period. Aberdeen Group plc’s holdings in AON were worth $54,294,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. U.S. Capital Wealth Advisors LLC raised its stake in shares of AON by 0.9% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock valued at $1,108,000 after buying an additional 28 shares during the last quarter. Brighton Jones LLC increased its stake in shares of AON by 0.4% in the 1st quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider’s stock valued at $2,916,000 after purchasing an additional 29 shares in the last quarter. HHM Wealth Advisors LLC increased its stake in shares of AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 29 shares in the last quarter. Catalyst Financial Partners LLC increased its stake in shares of AON by 2.6% in the 1st quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 30 shares in the last quarter. Finally, Sunflower Bank N.A. increased its stake in shares of AON by 1.8% in the 2nd quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock valued at $598,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. TD Cowen cut their price target on AON from $427.00 to $419.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Cantor Fitzgerald upgraded AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Wells Fargo & Company cut their price target on AON from $451.00 to $448.00 and set an “overweight” rating for the company in a research note on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of AON in a research note on Wednesday. Finally, Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $385.00 to $430.00 in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $420.00.

AON Price Performance

NYSE:AON opened at $359.82 on Friday. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The stock has a 50 day moving average of $364.41 and a two-hundred day moving average of $362.78. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The firm has a market cap of $77.59 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 2.14 and a beta of 0.89.

AON (NYSE:AON) last posted 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 company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.AON’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.93 EPS. On average, analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

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.