Brookstone Capital Management Purchases 4,584 Shares of Aon plc $AON

Key Points

• Brookstone Capital Management increased its stake in Aon plc by 449.4%, acquiring an additional 4,584 shares during the second quarter, bringing its total holdings to 5,604 shares valued at approximately $1,999,000.
• Aon recently declared a quarterly dividend of $0.745, to be paid on November 14th, representing a 0.9% yield, with an ex-dividend date of November 3rd.
• The stock has garnered a Moderate Buy rating from analysts, with an average target price of $420.00, and various brokerages having issued differing ratings between "Strong Buy" and "Neutral."

Brookstone Capital Management boosted its position in Aon plc (NYSE:AON - Free Report) by 449.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,604 shares of the financial services provider's stock after acquiring an additional 4,584 shares during the quarter. Brookstone Capital Management's holdings in AON were worth $1,999,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new position in AON in the first quarter valued at approximately $28,000. Saudi Central Bank bought a new position in AON in the first quarter valued at approximately $31,000. Pinnacle Bancorp Inc. boosted its position in AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock valued at $32,000 after buying an additional 33 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in AON in the second quarter valued at approximately $32,000. Finally, HHM Wealth Advisors LLC boosted its position in AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after buying an additional 29 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on AON. Weiss Ratings restated a "buy (b-)" rating on shares of AON in a research report on Friday. Evercore ISI raised their target price on shares of AON from $421.00 to $427.00 and gave the company an "outperform" rating in a research report on Wednesday, October 1st. Citigroup began 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. TD Cowen cut their target price on shares of AON from $427.00 to $419.00 and set a "buy" rating on the stock in a research report on Wednesday, September 17th. Finally, Wolfe Research assumed coverage on shares of AON in a research report on Monday, September 15th. They issued a "peer perform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $420.00.

AON Price Performance

Shares of NYSE AON opened at $337.58 on Friday. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The firm has a fifty day simple moving average of $360.70 and a 200 day simple moving average of $360.19. The company has a market capitalization of $72.79 billion, a PE ratio of 28.27, a P/E/G ratio of 2.01 and a beta of 0.89. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating 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 firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the previous year, the firm posted $2.93 earnings per share. The business's revenue was up 10.5% compared to the same quarter last year. On average, sell-side analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently declared 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 0.9%. The ex-dividend date of this dividend is Monday, November 3rd. AON's payout ratio is 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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