Seed Wealth Management Inc. Invests $263,000 in Aon plc $AON

Key Points

• Seed Wealth Management Inc. has acquired 737 shares of Aon plc, valued at approximately $263,000, during the second quarter, highlighting continued institutional interest in the company.
• Aon recently reported a quarterly earnings per share of $3.49, exceeding estimates, with a year-over-year revenue growth of 10.5% to $4.16 billion.
• The company has announced a quarterly dividend of $0.745 per share, representing an annualized yield of 0.9%, with a payout ratio of 24.96%.

Seed Wealth Management Inc. acquired a new position in Aon plc (NYSE:AON - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 737 shares of the financial services provider's stock, valued at approximately $263,000.

Several other large investors have also recently added to or reduced their stakes in AON. Financial Gravity Asset Management Inc. acquired a new position in shares of AON during the first quarter worth $28,000. Saudi Central Bank purchased a new position in AON in the 1st quarter valued at about $31,000. Pinnacle Bancorp Inc. grew its stake in shares of AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 33 shares in the last quarter. HHM Wealth Advisors LLC increased its position in shares of AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock worth $33,000 after acquiring an additional 29 shares during the last quarter. Finally, Tsfg LLC purchased a new position in AON in the first quarter valued at about $37,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on AON. Morgan Stanley raised AON from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $385.00 to $430.00 in a research report on Thursday, September 11th. Wells Fargo & Company reissued an "overweight" rating and set a $438.00 price objective (up from $436.00) on shares of AON in a report on Thursday, July 10th. Piper Sandler lifted their price target on AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Citigroup started coverage on AON in a report on Wednesday, August 13th. They set a "neutral" rating and a $402.00 target price on the stock. Finally, Cantor Fitzgerald upgraded AON to a "strong-buy" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $414.69.

AON Stock Performance

AON stock traded up $2.78 during midday trading on Monday, reaching $354.10. 1,275,900 shares of the stock traded hands, compared to its average volume of 1,154,699. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The firm has a market cap of $76.35 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 2.08 and a beta of 0.87. The firm has a fifty day moving average price of $363.80 and a two-hundred day moving average price of $366.02. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the prior year, the company posted $2.93 earnings per share. The company's quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. AON's dividend payout ratio (DPR) is presently 24.96%.

AON Company Profile

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.