Aon plc $AON Shares Purchased by First Trust Advisors LP

First Trust Advisors LP increased its stake in Aon plc (NYSE:AON) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 552,605 shares of the financial services provider’s stock after purchasing an additional 35,234 shares during the period. First Trust Advisors LP owned 0.26% of AON worth $197,147,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of AON. Saudi Central Bank purchased a new stake in shares of AON during the first quarter valued at $31,000. Atlantic Union Bankshares Corp acquired a new stake in AON during the 2nd quarter worth about $31,000. Pinnacle Bancorp Inc. grew its stake in AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 33 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of AON in the second quarter valued at about $32,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of AON during the second quarter worth about $37,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of AON in a report on Monday. Wolfe Research initiated coverage on shares of AON in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. TD Cowen decreased their target price on shares of AON from $419.00 to $416.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Roth Capital reaffirmed a “buy” rating and set a $390.00 price target on shares of AON in a research report on Tuesday, November 4th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $416.56.

AON Stock Up 0.9%

AON stock opened at $347.62 on Friday. Aon plc has a one year low of $323.73 and a one year high of $412.97. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35. The firm’s fifty day moving average is $348.75 and its 200 day moving average is $356.86. The firm has a market cap of $74.71 billion, a PE ratio of 27.85, a P/E/G ratio of 1.96 and a beta of 0.84.

AON (NYSE:AON) last posted its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a net margin of 15.96% and a return on equity of 48.88%. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the company posted $2.72 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a $0.745 dividend. The ex-dividend date was Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. AON’s payout ratio is 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.