Focus Partners Wealth Grows Stock Position in Aon plc $AON

Key Points

• Focus Partners Wealth increased its stake in Aon plc by 27.7%, owning 125,834 shares worth approximately $50.2 million as of the latest SEC filing.
• Aon reported an earnings per share (EPS) of $3.49, surpassing analyst expectations of $3.40, with a 10.5% year-over-year revenue increase to $4.16 billion.
• As of the last reporting period, hedge funds and institutional investors own 86.14% of Aon’s stock, indicating significant institutional interest in the company.

Focus Partners Wealth raised its holdings in Aon plc (NYSE:AON - Free Report) by 27.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 125,834 shares of the financial services provider's stock after buying an additional 27,280 shares during the quarter. Focus Partners Wealth owned about 0.06% of AON worth $50,219,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. purchased a new position in shares of AON in the first quarter worth about $28,000. Saudi Central Bank purchased a new position in shares of AON in the first quarter worth about $31,000. HHM Wealth Advisors LLC raised its stake in shares of AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock worth $33,000 after purchasing an additional 29 shares during the last quarter. Tsfg LLC purchased a new position in shares of AON in the first quarter worth about $37,000. Finally, Accent Capital Management LLC purchased a new position in shares of AON in the first quarter worth about $40,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Down 1.2%

Shares of AON opened at $362.14 on Thursday. 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 plc has a 12 month low of $323.73 and a 12 month high of $412.97. The stock's 50 day moving average is $363.21 and its two-hundred day moving average is $368.87. The firm has a market cap of $78.09 billion, a P/E ratio of 30.33, a PEG ratio of 2.17 and a beta of 0.87.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the company earned $2.93 earnings per share. AON's quarterly revenue was up 10.5% compared to the same quarter last year. Analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company restated an "overweight" rating and issued a $438.00 price objective (up from $436.00) on shares of AON in a research note on Thursday, July 10th. Evercore ISI raised their price objective on AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Cantor Fitzgerald upgraded AON to a "strong-buy" rating in a research note on Wednesday, August 13th. Citigroup began coverage on AON in a report on Wednesday, August 13th. They set a "neutral" rating and a $402.00 target price on the stock. Finally, Morgan Stanley reaffirmed a "cautious" rating on shares of AON in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, AON 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.

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