Aon plc $AON Stock Position Lifted by Wealthstream Advisors Inc.

Wealthstream Advisors Inc. boosted its stake in shares of Aon plc (NYSE:AON) by 13.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,119 shares of the financial services provider’s stock after purchasing an additional 130 shares during the period. Wealthstream Advisors Inc.’s holdings in AON were worth $399,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AON. Polen Capital Management LLC grew its position in AON by 318.1% during the first quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock valued at $1,200,350,000 after purchasing an additional 2,288,397 shares in the last quarter. Nuveen LLC purchased a new position in AON during the first quarter valued at approximately $505,108,000. Wellington Management Group LLP purchased a new position in AON during the first quarter valued at approximately $490,634,000. Bank of New York Mellon Corp grew its position in AON by 18.3% during the first quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider’s stock valued at $1,210,864,000 after purchasing an additional 469,238 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in AON by 276.0% during the second quarter. Vontobel Holding Ltd. now owns 460,971 shares of the financial services provider’s stock valued at $164,456,000 after purchasing an additional 338,373 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on AON. Weiss Ratings reissued a “buy (b-)” rating on shares of AON in a research report on Wednesday, October 8th. Piper Sandler boosted their target price on shares of AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. decreased their target price on shares of AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Finally, Citigroup began coverage on shares of AON in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 target price for the company. 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. Based on data from MarketBeat, AON presently has an average rating of “Moderate Buy” and an average target price of $420.00.

AON Price Performance

NYSE AON opened at $346.74 on Friday. 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 company has a fifty day simple moving average of $363.26 and a 200 day simple moving average of $361.20. The company has a market cap of $74.77 billion, a P/E ratio of 29.04, a P/E/G ratio of 2.04 and a beta of 0.89. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.09. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. AON’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.93 EPS. 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 will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, November 3rd. AON’s dividend payout ratio is presently 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.