HighTower Advisors LLC raised its stake in Aon plc (NYSE:AON - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,738 shares of the financial services provider's stock after acquiring an additional 5,142 shares during the quarter. HighTower Advisors LLC's holdings in AON were worth $17,455,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Peak Financial Management Inc. bought a new stake in AON in the 1st quarter valued at about $208,000. Trust Asset Management LLC lifted its stake in AON by 5.0% in the 1st quarter. Trust Asset Management LLC now owns 2,467 shares of the financial services provider's stock valued at $985,000 after purchasing an additional 117 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in AON by 3.0% in the 1st quarter. Public Sector Pension Investment Board now owns 57,858 shares of the financial services provider's stock valued at $23,091,000 after purchasing an additional 1,709 shares during the last quarter. Linscomb Wealth Inc. lifted its stake in AON by 13.2% in the 1st quarter. Linscomb Wealth Inc. now owns 1,761 shares of the financial services provider's stock valued at $703,000 after purchasing an additional 206 shares during the last quarter. Finally, SouthState Corp increased its position in AON by 4,477.8% in the 1st quarter. SouthState Corp now owns 412 shares of the financial services provider's stock valued at $164,000 after acquiring an additional 403 shares during the period. Institutional investors own 86.14% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the stock. Morgan Stanley restated a "cautious" rating on shares of AON in a research report on Monday. Jefferies Financial Group upgraded shares of AON from a "hold" rating to a "buy" rating and raised their price target for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. Wells Fargo & Company restated an "overweight" rating and issued a $438.00 price target (up from $436.00) on shares of AON in a report on Thursday, July 10th. Cantor Fitzgerald raised shares of AON to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $409.18.
Check Out Our Latest Stock Analysis on AON
AON Price Performance
NYSE:AON traded up $0.9720 during mid-day trading on Thursday, hitting $374.9720. 1,123,312 shares of the stock traded hands, compared to its average volume of 1,492,459. The business's 50-day moving average price is $358.93 and its 200 day moving average price is $370.60. The company has a market cap of $80.86 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.83. Aon plc has a 12-month low of $323.73 and a 12-month 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.
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. The company had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. AON's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.93 earnings per share. On average, analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.
AON Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.745 per share. The ex-dividend date was Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON's payout ratio is presently 24.96%.
AON Profile
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Free Report)
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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