Ashton Thomas Private Wealth LLC Has $491,000 Stake in Aon plc $AON

Ashton Thomas Private Wealth LLC grew its stake in Aon plc (NYSE:AON) by 12.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,376 shares of the financial services provider’s stock after buying an additional 148 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in AON were worth $491,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Financial Gravity Asset Management Inc. acquired a new stake in AON in the 1st quarter worth approximately $28,000. Saudi Central Bank bought a new position in shares of AON in the first quarter valued at approximately $31,000. Pinnacle Bancorp Inc. lifted its stake in shares of AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after buying an additional 33 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of AON during the 2nd quarter worth $32,000. Finally, HHM Wealth Advisors LLC grew its stake in 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 buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

Shares of NYSE:AON opened at $328.25 on Friday. The firm has a market capitalization of $70.78 billion, a PE ratio of 27.49, a PEG ratio of 1.92 and a beta of 0.89. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The business’s 50 day moving average is $357.37 and its 200-day moving average is $359.02.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be paid a $0.745 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. AON’s dividend payout ratio is currently 24.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research report on Wednesday, August 13th. Barclays restated an “overweight” rating and set a $420.00 target price (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Evercore ISI lifted their price target on AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of AON in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their target price on shares of AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $420.00.

AON 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.