IFG Advisors LLC Lowers Stock Holdings in Aon plc $AON

IFG Advisors LLC decreased its position in shares of Aon plc (NYSE:AON) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,390 shares of the financial services provider’s stock after selling 76 shares during the quarter. IFG Advisors LLC’s holdings in AON were worth $496,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Financial Gravity Asset Management Inc. purchased a new stake in shares of AON during the 1st quarter worth approximately $28,000. Saudi Central Bank purchased a new stake in shares of AON during the 1st quarter worth approximately $31,000. Pinnacle Bancorp Inc. boosted its stake in shares of AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 33 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in shares of AON during the 2nd quarter worth approximately $32,000. Finally, HHM Wealth Advisors LLC boosted its stake 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 worth $33,000 after acquiring an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AON. JPMorgan Chase & Co. cut their price objective on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Piper Sandler lifted their price objective on AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Weiss Ratings restated a “buy (b-)” rating on shares of AON in a research report on Wednesday, October 8th. Barclays restated an “overweight” rating and set a $420.00 price objective (up from $401.00) on shares of AON in a research report on Thursday, July 31st. Finally, TD Cowen cut their price objective on AON from $427.00 to $419.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. One research 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, AON presently has a consensus rating of “Moderate Buy” and a consensus price target of $420.00.

AON Trading Up 2.1%

Shares of AON opened at $360.66 on Wednesday. The stock has a fifty day moving average of $364.25 and a two-hundred day moving average of $362.23. 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 company has a market capitalization of $77.77 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 2.10 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 issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.09. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.AON’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.93 EPS. As a group, analysts forecast 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. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, November 3rd. AON’s dividend payout ratio is presently 24.96%.

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.