Aon plc $AON Shares Purchased by CW Advisors LLC

CW Advisors LLC increased its position in Aon plc (NYSE:AON) by 61.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,214 shares of the financial services provider’s stock after acquiring an additional 3,506 shares during the period. CW Advisors LLC’s holdings in AON were worth $3,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Peak Financial Advisors LLC acquired a new stake in AON during the 2nd quarter worth about $2,464,000. Nordea Investment Management AB boosted its stake in shares of AON by 6.6% in the second quarter. Nordea Investment Management AB now owns 17,062 shares of the financial services provider’s stock worth $6,051,000 after buying an additional 1,061 shares during the last quarter. Focus Partners Wealth grew its holdings in AON by 27.7% during the first quarter. Focus Partners Wealth now owns 125,834 shares of the financial services provider’s stock worth $50,219,000 after acquiring an additional 27,280 shares during the period. Jump Financial LLC raised its position in AON by 314.2% during the first quarter. Jump Financial LLC now owns 8,809 shares of the financial services provider’s stock valued at $3,516,000 after acquiring an additional 6,682 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new position in AON in the first quarter valued at approximately $635,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Down 0.9%

AON stock opened at $344.66 on Friday. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.86. The firm has a 50-day simple moving average of $348.52 and a 200-day simple moving average of $356.69. The stock has a market capitalization of $74.08 billion, a P/E ratio of 27.62, a P/E/G ratio of 1.97 and a beta of 0.84.

AON (NYSE:AON) last posted its quarterly earnings data 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 return on equity of 48.88% and a net margin of 15.96%.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 posted $2.72 EPS. AON’s revenue was up 7.4% compared to the same quarter last year. Equities analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 4th. UBS Group cut their price objective on shares of AON from $400.00 to $390.00 and set a “neutral” rating for the company in a report on Monday, November 10th. JPMorgan Chase & Co. lowered their target price on shares of AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Barclays restated an “equal weight” rating and set a $379.00 target price (down from $420.00) on shares of AON in a research report on Thursday, November 20th. Finally, Citigroup upgraded AON from a “neutral” rating to a “buy” rating and set a $402.00 price target on the stock in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $416.56.

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.