Good Life Advisors LLC Sells 500 Shares of Aon plc $AON

Good Life Advisors LLC lowered its stake in shares of Aon plc (NYSE:AON) by 24.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,583 shares of the financial services provider’s stock after selling 500 shares during the quarter. Good Life Advisors LLC’s holdings in AON were worth $565,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in AON. Saudi Central Bank bought a new stake in AON in the 1st quarter worth approximately $31,000. Atlantic Union Bankshares Corp purchased a new stake in AON during the second quarter valued at $31,000. Pinnacle Bancorp Inc. lifted its holdings in AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 33 shares during the period. Trust Co. of Toledo NA OH bought a new stake in shares of AON during the 2nd quarter valued at about $32,000. Finally, HHM Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 29 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AON. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $385.00 to $430.00 in a report on Thursday, September 11th. JPMorgan Chase & Co. reduced their price objective on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Barclays reiterated an “overweight” rating and set a $420.00 target price (up from $401.00) on shares of AON in a research report on Thursday, July 31st. Piper Sandler upped their price target on AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, Keefe, Bruyette & Woods lowered their price objective on AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $419.13.

AON Price Performance

Shares of AON stock opened at $349.98 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The stock’s 50-day simple moving average is $351.87 and its 200-day simple moving average is $357.56. The company has a market capitalization of $75.22 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 1.92 and a beta of 0.86.

AON (NYSE:AON) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $3.05 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the firm earned $2.72 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a $0.745 dividend. The ex-dividend date was Monday, November 3rd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s payout ratio is presently 23.88%.

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.