Alpha Family Trust Purchases Shares of 690 Aon plc (NYSE:AON)

Alpha Family Trust purchased a new stake in shares of Aon plc (NYSE:AON) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 690 shares of the financial services provider’s stock, valued at approximately $203,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of AON by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after purchasing an additional 64,500 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of AON by 2.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after purchasing an additional 309,702 shares during the period. Capital International Investors boosted its holdings in shares of AON by 0.4% in the 4th quarter. Capital International Investors now owns 5,524,730 shares of the financial services provider’s stock worth $1,607,519,000 after purchasing an additional 22,346 shares during the period. Mawer Investment Management Ltd. lifted its stake in shares of AON by 1.2% during the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock worth $1,293,449,000 after acquiring an additional 52,099 shares during the last quarter. Finally, Sustainable Growth Advisers LP lifted its stake in shares of AON by 4.7% during the 1st quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider’s stock worth $936,151,000 after acquiring an additional 127,173 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AON shares. Piper Sandler raised their price target on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 target price on shares of AON in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their price target on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Barclays began coverage on AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $337.27.

AON Stock Up 0.8 %

AON stock opened at $350.69 on Tuesday. The firm has a market cap of $76.25 billion, a price-to-earnings ratio of 27.48, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92. Aon plc has a 52 week low of $268.06 and a 52 week high of $353.54. The business’s 50-day moving average price is $326.56 and its 200 day moving average price is $310.44. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92.

AON (NYSE:AON) last posted its earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing the consensus estimate of $3.08 by ($0.15). The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the business earned $2.76 earnings per share. As a group, sell-side analysts anticipate that Aon plc will post 15.23 earnings per share for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a dividend of $0.675 per share. The ex-dividend date was Thursday, August 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.77%. AON’s dividend payout ratio is currently 21.16%.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.