Evernest Financial Advisors LLC Boosts Stock Position in Aon plc $AON

Evernest Financial Advisors LLC boosted its holdings in shares of Aon plc (NYSE:AON) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,177 shares of the financial services provider’s stock after acquiring an additional 179 shares during the quarter. Evernest Financial Advisors LLC’s holdings in AON were worth $777,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Polen Capital Management LLC lifted its holdings in shares of AON by 318.1% in the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock worth $1,200,350,000 after buying an additional 2,288,397 shares during the period. Nuveen LLC purchased a new stake in shares of AON in the 1st quarter worth $505,108,000. Wellington Management Group LLP purchased a new stake in shares of AON in the 1st quarter worth $490,634,000. Bank of New York Mellon Corp lifted its holdings in shares of AON by 18.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider’s stock worth $1,210,864,000 after buying an additional 469,238 shares during the period. Finally, Vontobel Holding Ltd. lifted its holdings in shares of AON by 276.0% in the 2nd quarter. Vontobel Holding Ltd. now owns 460,971 shares of the financial services provider’s stock worth $164,456,000 after buying an additional 338,373 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Down 1.3%

Shares of AON stock opened at $355.78 on Thursday. The stock’s 50-day simple moving average is $364.09 and its 200-day simple moving average is $362.18. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market capitalization of $76.72 billion, a PE ratio of 29.80, a P/E/G ratio of 2.12 and a beta of 0.89. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.40 by $0.09. The business had revenue of $4.16 billion for 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%.The company’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.93 earnings per share. Equities analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be issued a $0.745 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. AON’s dividend payout ratio is currently 24.96%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wolfe Research assumed coverage on AON in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and upped their target price for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $385.00 to $430.00 in a research note on Thursday, September 11th. Barclays restated an “overweight” rating and set a $420.00 price objective (up from $401.00) on shares of AON in a research note on Thursday, July 31st. Finally, Evercore ISI upped their price objective on AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $420.00.

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.