Exencial Wealth Advisors LLC Raises Position in Aon plc $AON

Exencial Wealth Advisors LLC raised its stake in Aon plc (NYSE:AON - Free Report) by 12.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,874 shares of the financial services provider's stock after purchasing an additional 1,012 shares during the quarter. Exencial Wealth Advisors LLC's holdings in AON were worth $3,166,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WCM Investment Management LLC raised its stake in shares of AON by 0.3% in the first quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock worth $809,544,000 after purchasing an additional 6,038 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of AON by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider's stock valued at $11,183,000 after acquiring an additional 1,489 shares during the last quarter. Catalyst Capital Advisors LLC increased its position in shares of AON by 425.3% during the first quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock valued at $761,000 after acquiring an additional 1,544 shares during the last quarter. Ninety One North America Inc. increased its position in shares of AON by 64.4% during the first quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider's stock valued at $2,986,000 after acquiring an additional 2,932 shares during the last quarter. Finally, Peak Financial Advisors LLC purchased a new stake in shares of AON during the second quarter valued at approximately $2,464,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Price Performance

Shares of NYSE AON opened at $342.35 on Thursday. The stock has a fifty day simple moving average of $361.80 and a two-hundred day simple moving average of $360.50. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The firm has a market cap of $73.82 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 2.02 and a beta of 0.89. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data 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 return on equity of 50.91% and a net margin of 15.54%.The business 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. AON's revenue was up 10.5% compared to the same quarter last year. Analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 3rd. AON's dividend payout ratio (DPR) is presently 24.96%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AON shares. Cantor Fitzgerald raised AON to a "strong-buy" rating in a research report on Wednesday, August 13th. Citigroup started coverage on AON in a research report on Wednesday, August 13th. They set a "neutral" rating and a $402.00 price target for the company. Piper Sandler increased their price target on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Wells Fargo & Company decreased their price target on AON from $451.00 to $448.00 and set an "overweight" rating for the company in a research report on Wednesday, October 8th. Finally, Evercore ISI increased their price objective on AON from $421.00 to $427.00 and gave the company an "outperform" rating in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $420.00.

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.

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