Aon plc $AON Shares Purchased by NorthRock Partners LLC

Key Points

• NorthRock Partners LLC increased its stake in Aon plc by 26.1%, holding a total of 4,599 shares worth approximately $1.64 million at the end of the second quarter.
• A number of analysts have recently updated their ratings on Aon, with a consensus rating of "Moderate Buy" and an average price target of $420.00.
• Aon has declared a quarterly dividend of $0.745 per share, which will be paid on November 14, 2023, representing an annual yield of 0.8%.

NorthRock Partners LLC raised its position in shares of Aon plc (NYSE:AON - Free Report) by 26.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,599 shares of the financial services provider's stock after purchasing an additional 951 shares during the period. NorthRock Partners LLC's holdings in AON were worth $1,640,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of AON in the 1st quarter worth approximately $28,000. Saudi Central Bank acquired a new stake in shares of AON in the 1st quarter worth approximately $31,000. Pinnacle Bancorp Inc. lifted its stake in shares of AON by 56.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock worth $32,000 after acquiring an additional 33 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in shares of AON in the 2nd quarter worth approximately $32,000. Finally, HHM Wealth Advisors LLC lifted its stake in shares of AON by 54.7% in 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 during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AON. Wells Fargo & Company reduced their price target on shares of AON from $451.00 to $448.00 and set an "overweight" rating for the company in a research note on Wednesday, October 8th. Barclays restated an "overweight" rating and set a $420.00 target price (up from $401.00) on shares of AON in a report on Thursday, July 31st. Evercore ISI lifted their price target on shares of AON from $421.00 to $427.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 1st. Cantor Fitzgerald upgraded shares of AON to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, Jefferies Financial Group upgraded shares of AON from a "hold" rating to a "buy" rating and lifted their price target for the stock from $400.00 to $426.00 in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $420.00.

AON Stock Down 1.9%

Shares of NYSE:AON opened at $353.44 on Tuesday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market cap of $76.21 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 2.14 and a beta of 0.89. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The firm has a 50 day simple moving average of $364.27 and a 200 day simple moving average of $362.24.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.40 by $0.09. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.93 EPS. As a group, research analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be paid a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, November 3rd. AON's dividend payout ratio is currently 24.96%.

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.

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