Mutual Advisors LLC Buys 2,205 Shares of Aon plc $AON

Mutual Advisors LLC grew its stake in shares of Aon plc (NYSE:AONFree Report) by 292.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 2,959 shares of the financial services provider’s stock after acquiring an additional 2,205 shares during the quarter. Mutual Advisors LLC’s holdings in AON were worth $1,010,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Heartwood Wealth Advisors LLC acquired a new stake in AON during the third quarter worth about $29,000. Salomon & Ludwin LLC bought a new stake in shares of AON during the 3rd quarter worth approximately $31,000. Atlantic Union Bankshares Corp acquired a new stake in shares of AON during the 2nd quarter worth approximately $31,000. Trust Co. of Toledo NA OH bought a new position in AON in the second quarter valued at approximately $32,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in AON during the second quarter valued at approximately $37,000. Institutional investors own 86.14% of the company’s stock.

AON News Roundup

Here are the key news stories impacting AON this week:

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AON shares. Jefferies Financial Group reiterated a “buy” rating and issued a $408.00 price target on shares of AON in a research note on Monday. Evercore ISI reissued an “outperform” rating and set a $436.00 target price on shares of AON in a research note on Wednesday, January 7th. JPMorgan Chase & Co. reduced their price target on shares of AON from $433.00 to $406.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Roth Mkm reiterated a “buy” rating and set a $390.00 price objective on shares of AON in a research report on Tuesday, November 4th. Finally, Mizuho set a $398.00 target price on shares of AON in a research report on Tuesday. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, AON presently has a consensus rating of “Moderate Buy” and an average target price of $409.75.

Get Our Latest Stock Analysis on AON

AON Stock Performance

AON stock opened at $350.27 on Thursday. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The company has a current ratio of 2.03, a quick ratio of 1.35 and a debt-to-equity ratio of 1.55. The stock has a 50-day moving average price of $347.84 and a 200-day moving average price of $353.59. The firm has a market cap of $75.28 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 1.78 and a beta of 0.83.

AON (NYSE:AONGet Free Report) last announced its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.75 by $0.10. AON had a return on equity of 45.23% and a net margin of 21.51%.The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the prior year, the company earned $4.42 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Monday, February 2nd will be issued a dividend of $0.745 per share. The ex-dividend date is Monday, February 2nd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s payout ratio is 17.51%.

AON Profile

(Free Report)

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.

See Also

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Institutional Ownership by Quarter for AON (NYSE:AON)

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