Kestra Private Wealth Services LLC Buys 1,548 Shares of Aon plc $AON

Kestra Private Wealth Services LLC raised its stake in shares of Aon plc (NYSE:AON) by 125.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,781 shares of the financial services provider’s stock after acquiring an additional 1,548 shares during the period. Kestra Private Wealth Services LLC’s holdings in AON were worth $898,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wealth Watch Advisors INC bought a new position in shares of AON during the third quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in AON in the 4th quarter valued at about $27,000. Kemnay Advisory Services Inc. bought a new position in shares of AON during the 4th quarter worth approximately $29,000. Eagle Bay Advisors LLC purchased a new position in shares of AON in the 4th quarter worth approximately $30,000. Finally, Strive Asset Management LLC purchased a new stake in shares of AON during the third quarter valued at approximately $35,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $343.34 on Thursday. The firm’s 50 day moving average is $322.59 and its 200 day moving average is $330.57. The stock has a market capitalization of $73.33 billion, a P/E ratio of 18.84, a PEG ratio of 1.74 and a beta of 0.71. Aon plc has a 12 month low of $304.59 and a 12 month high of $381.00. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36.

AON (NYSE:AON) last released its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. The business had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. AON’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $5.67 EPS. On average, sell-side analysts anticipate that Aon plc will post 19.09 earnings per share for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a $0.82 dividend. The ex-dividend date was Friday, May 1st. This represents a $3.28 annualized dividend and a yield of 1.0%. This is an increase from AON’s previous quarterly dividend of $0.74. AON’s dividend payout ratio is 18.00%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AON shares. Keefe, Bruyette & Woods cut their price objective on AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. UBS Group lowered their target price on AON from $385.00 to $360.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. Piper Sandler reduced their price target on shares of AON from $360.00 to $355.00 and set an “overweight” rating for the company in a research report on Monday, June 15th. Wells Fargo & Company lowered their price objective on shares of AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Finally, Mizuho dropped their target price on shares of AON from $394.00 to $389.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $394.94.

About AON

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.