Watts Gwilliam & Co. LLC Takes Position in Aon plc (NYSE:AON)

Watts Gwilliam & Co. LLC acquired a new position in Aon plc (NYSE:AON) during the third quarter, Holdings Channel.com reports. The firm acquired 762 shares of the financial services provider’s stock, valued at approximately $270,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new position in shares of AON in the second quarter worth about $31,000. Rise Advisors LLC acquired a new position in shares of AON in the 1st quarter valued at approximately $37,000. Nemes Rush Group LLC purchased a new position in shares of AON during the 2nd quarter valued at approximately $45,000. Bruce G. Allen Investments LLC grew its position in shares of AON by 52.7% during the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after buying an additional 58 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in shares of AON in the first quarter worth $55,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on AON. Barclays assumed coverage on shares of AON in a report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective for the company. Keefe, Bruyette & Woods raised AON from an “underperform” rating to an “outperform” rating and boosted their price objective for the company from $313.00 to $380.00 in a report on Tuesday, July 30th. Piper Sandler boosted their target price on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Morgan Stanley reduced their price target on shares of AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. upped their target price on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $347.06.

AON Trading Up 0.4 %

Shares of NYSE:AON opened at $355.15 on Friday. Aon plc has a twelve month low of $268.06 and a twelve month high of $360.95. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. The firm has a market cap of $77.22 billion, a P/E ratio of 27.83, a P/E/G ratio of 2.32 and a beta of 0.92. The company has a 50 day moving average of $342.73 and a 200-day moving average of $314.40.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the previous year, the business posted $2.76 earnings per share. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, analysts anticipate that Aon plc will post 15.22 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.76%. AON’s payout ratio is 21.16%.

AON Profile

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.