Arrowroot Family Office LLC Takes $541,000 Position in Aon plc $AON

Arrowroot Family Office LLC bought a new stake in Aon plc (NYSE:AON) in the second quarter, HoldingsChannel reports. The firm bought 1,516 shares of the financial services provider’s stock, valued at approximately $541,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AON. U.S. Capital Wealth Advisors LLC increased its position in 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 in the last quarter. HHM Wealth Advisors LLC increased its position in AON by 54.7% during 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 in the last quarter. Catalyst Financial Partners LLC increased its position in AON by 2.6% during the 1st quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock valued at $479,000 after buying an additional 30 shares in the last quarter. Sunflower Bank N.A. increased its position in AON by 1.8% during the 2nd quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock valued at $598,000 after buying an additional 30 shares in the last quarter. Finally, MBL Wealth LLC increased its position in AON by 2.1% during the 1st quarter. MBL Wealth LLC now owns 1,503 shares of the financial services provider’s stock valued at $600,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON opened at $344.22 on Wednesday. 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 plc has a one year low of $323.73 and a one year high of $412.97. The firm has a market capitalization of $74.22 billion, a P/E ratio of 28.83, a PEG ratio of 1.92 and a beta of 0.89. The business has a fifty day moving average of $355.57 and a 200 day moving average of $358.12.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a return on equity of 50.91% and a net margin of 15.54%.The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the company posted $2.72 earnings per share. AON’s revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors 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 annualized dividend and a dividend yield of 0.9%. AON’s payout ratio is presently 23.88%.

Analyst Ratings Changes

A number of research firms recently weighed in on AON. Wolfe Research began coverage on AON in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Roth Capital reaffirmed a “buy” rating and set a $390.00 price objective on shares of AON in a research report on Tuesday. Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $385.00 to $430.00 in a research report on Thursday, September 11th. Wells Fargo & Company reduced their target price on AON from $451.00 to $448.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Finally, Jefferies Financial Group raised AON from a “hold” rating to a “buy” rating and lifted their target price for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $421.07.

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.