Blair William & Co. IL Raises Stock Position in Aon plc $AON

Key Points

• Blair William & Co. IL increased its holdings in Aon plc by 2.4%, owning 567,987 shares valued at approximately $202.6 million after acquiring additional shares in Q2.
• Analysts have generally rated Aon as a Moderate Buy, with an average price target of $415.69, as several firms have adjusted their ratings and targets recently.
• Aon announced a quarterly dividend of $0.745 per share, with a 0.8% yield and a payout ratio of 24.96%.

Blair William & Co. IL lifted its holdings in Aon plc (NYSE:AON - Free Report) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 567,987 shares of the financial services provider's stock after acquiring an additional 13,237 shares during the period. Blair William & Co. IL owned 0.26% of AON worth $202,635,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. purchased a new stake in AON during the 1st quarter valued at $28,000. Saudi Central Bank purchased a new stake in shares of AON in the first quarter valued at $31,000. HHM Wealth Advisors LLC lifted its holdings 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 last quarter. Pinnacle Bancorp Inc. boosted its stake in shares of AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock worth $32,000 after purchasing an additional 33 shares during the period. Finally, Tsfg LLC bought a new position in AON during the 1st quarter valued at about $37,000. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Weiss Ratings restated a "buy (b-)" rating on shares of AON in a research report on Wednesday. Evercore ISI upped their price objective on AON from $421.00 to $427.00 and gave the company an "outperform" rating in a research report on Wednesday, October 1st. TD Cowen decreased their target price on AON from $427.00 to $419.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th. Cantor Fitzgerald upgraded shares of AON to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Barclays reiterated an "overweight" rating and set a $420.00 price objective (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $415.69.

AON Trading Down 0.4%

AON stock opened at $365.36 on Thursday. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The firm has a market cap of $78.78 billion, a P/E ratio of 30.60, a PEG ratio of 2.17 and a beta of 0.89. The company's 50-day simple moving average is $364.18 and its 200-day simple moving average is $363.48.

AON (NYSE:AON - Get Free Report) last released its quarterly 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 return on equity of 50.91% and a net margin of 15.54%.The company had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter in the prior year, the firm posted $2.93 EPS. AON's quarterly revenue was up 10.5% compared to the same quarter last year. As a group, equities analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 1st. AON's payout ratio is presently 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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