EP Wealth Advisors LLC Buys 2,435 Shares of Aon plc $AON

Key Points

• EP Wealth Advisors LLC increased its stake in Aon plc by 60.5%, acquiring an additional 2,435 shares to hold a total of 6,460 shares valued at approximately $2.58 million.
• Analysts have favorable ratings for Aon, with Barclays and Wells Fargo setting price targets at $420.00 and $438.00, respectively, contributing to a consensus rating of "Moderate Buy".
• Aon recently announced a quarterly dividend of $0.745 per share, reflecting an annualized dividend yield of 0.8% and a payout ratio of 24.96%.

EP Wealth Advisors LLC lifted its holdings in shares of Aon plc (NYSE:AON - Free Report) by 60.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,460 shares of the financial services provider's stock after acquiring an additional 2,435 shares during the quarter. EP Wealth Advisors LLC's holdings in AON were worth $2,578,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in shares of AON in the first quarter worth about $28,000. Saudi Central Bank bought a new stake in AON in the 1st quarter worth approximately $31,000. HHM Wealth Advisors LLC increased its stake in 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. Tsfg LLC purchased a new position in shares of AON in the 1st quarter worth approximately $37,000. Finally, Accent Capital Management LLC purchased a new position in shares of AON in the 1st quarter worth approximately $40,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Down 0.8%

NYSE AON traded down $3.10 during trading hours on Tuesday, hitting $366.91. The company had a trading volume of 246,038 shares, compared to its average volume of 1,306,620. The firm's 50 day moving average is $362.81 and its 200 day moving average is $368.94. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $79.12 billion, a price-to-earnings ratio of 30.76, a P/E/G ratio of 2.20 and a beta of 0.87. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97.

AON (NYSE:AON - Get Free Report) last posted its 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. 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 analyst estimates of $4.16 billion. During the same period in the prior year, the company earned $2.93 earnings per share. The business's revenue was up 10.5% compared to the same quarter last year. Sell-side analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on AON shares. Citigroup initiated coverage on AON in a report on Wednesday, August 13th. They set a "neutral" rating and a $402.00 price objective for the company. Evercore ISI boosted their price target on AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Barclays reiterated an "overweight" rating and set a $420.00 price target (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Jefferies Financial Group upgraded AON from a "hold" rating to a "buy" rating and increased their price target for the stock from $400.00 to $426.00 in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $438.00 target price (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $412.69.

AON 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.