Alliance Wealth Advisors LLC UT Has $3.23 Million Stock Position in Aon plc $AON

Key Points

• Alliance Wealth Advisors LLC UT increased its stake in Aon plc by 280.0%, purchasing an additional 5,965 shares in the first quarter, bringing its total holdings to 8,095 shares valued at $3,231,000.
• AON's stock has received several analyst upgrades, including a price target increase from Wells Fargo to $438.00 and a "buy" rating from Goldman Sachs with a target of $408.00.
• The company recently announced a quarterly dividend of $0.745 per share, yielding 0.8%, with a current payout ratio of 24.96%.

Alliance Wealth Advisors LLC UT lifted its holdings in shares of Aon plc (NYSE:AON - Free Report) by 280.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,095 shares of the financial services provider's stock after purchasing an additional 5,965 shares during the quarter. Alliance Wealth Advisors LLC UT's holdings in AON were worth $3,231,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of AON during the 1st quarter worth approximately $28,000. HHM Wealth Advisors LLC boosted its position in shares of AON by 54.7% during the 1st 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 in the last quarter. Tsfg LLC acquired a new stake in shares of AON during the 1st quarter worth approximately $37,000. Accent Capital Management LLC acquired a new stake in AON in the first quarter valued at approximately $40,000. Finally, Garde Capital Inc. acquired a new stake in AON in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Analyst Ratings Changes

AON has been the topic of a number of research analyst reports. Evercore ISI raised their target price on shares of AON from $411.00 to $421.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price on the stock in a research report on Tuesday, May 13th. Barclays restated an "overweight" rating and issued a $420.00 target price (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Citigroup initiated coverage on shares of AON in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 target price on the stock. Finally, Morgan Stanley reiterated a "cautious" rating on shares of AON in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $409.18.

AON Trading Up 0.4%

NYSE AON traded up $1.4620 during mid-day trading on Wednesday, reaching $374.3220. 598,386 shares of the stock were exchanged, compared to its average volume of 1,331,430. Aon plc has a one year low of $323.73 and a one year high of $412.97. The stock has a 50 day simple moving average of $358.06 and a 200-day simple moving average of $370.58. The stock has a market cap of $80.72 billion, a P/E ratio of 31.40, a P/E/G ratio of 2.17 and a beta of 0.83. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the firm earned $2.93 earnings per share. AON's quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

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