Johnson Investment Counsel Inc. Purchases 719 Shares of Aon plc $AON

Johnson Investment Counsel Inc. increased its position in Aon plc (NYSE:AON) by 4.1% during the second quarter, Holdings Channel.com reports. The firm owned 18,091 shares of the financial services provider’s stock after buying an additional 719 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in AON were worth $6,454,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AON. Farther Finance Advisors LLC lifted its holdings in shares of AON by 26.0% in the 1st quarter. Farther Finance Advisors LLC now owns 1,265 shares of the financial services provider’s stock worth $505,000 after purchasing an additional 261 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of AON by 41.7% in the 1st quarter. GAMMA Investing LLC now owns 1,909 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 562 shares in the last quarter. Integrated Advisors Network LLC lifted its holdings in shares of AON by 33.3% in the 1st quarter. Integrated Advisors Network LLC now owns 904 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 226 shares in the last quarter. Focus Financial Network Inc. bought a new position in shares of AON in the 1st quarter worth $218,000. Finally, Everhart Financial Group Inc. raised its position in AON by 21.2% in the 1st quarter. Everhart Financial Group Inc. now owns 898 shares of the financial services provider’s stock valued at $358,000 after buying an additional 157 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AON has been the subject of a number of analyst reports. Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $385.00 to $430.00 in a research report on Thursday, September 11th. Citigroup initiated coverage on AON in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 price target for the company. Barclays reissued an “overweight” rating and issued a $420.00 price target (up from $401.00) on shares of AON in a research report on Thursday, July 31st. Piper Sandler increased their price target on AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company lowered their price target on AON from $451.00 to $448.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AON currently has an average rating of “Moderate Buy” and an average price target of $420.00.

AON Trading Down 0.2%

Shares of AON stock opened at $359.82 on Monday. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The firm has a market cap of $77.59 billion, a PE ratio of 30.14, a P/E/G ratio of 2.14 and a beta of 0.89. The stock has a fifty day moving average price of $364.41 and a 200-day moving average price of $362.53. 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 announced 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 return on equity of 50.91% and a net margin of 15.54%.The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the firm posted $2.93 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that Aon plc will post 17.21 EPS for the current 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.