Johnson Investment Counsel Inc. Buys 719 Shares of Aon plc $AON

Key Points

• Johnson Investment Counsel Inc. increased its stake in Aon plc by 4.1% during the second quarter, owning a total of 18,091 shares valued at approximately $6.45 million.
• Several analysts have a positive outlook on Aon, with ratings including a "strong-buy" from Cantor Fitzgerald and target prices raised by major firms like Barclays and Jefferies.
• Aon reported $3.49 EPS for its latest quarter, exceeding estimates, with a revenue increase of 10.5% year-over-year, highlighting strong financial performance.

Johnson Investment Counsel Inc. grew its holdings in Aon plc (NYSE:AON - Free Report) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,091 shares of the financial services provider's stock after acquiring an additional 719 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in AON were worth $6,454,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. U.S. Capital Wealth Advisors LLC increased its stake in shares of AON by 0.9% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider's stock valued at $1,108,000 after buying an additional 28 shares during the period. Brighton Jones LLC increased its stake in shares of AON by 0.4% in the first quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider's stock valued at $2,916,000 after buying an additional 29 shares during the period. HHM Wealth Advisors LLC increased 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 valued at $33,000 after buying an additional 29 shares during the period. Catalyst Financial Partners LLC increased its stake in shares of AON by 2.6% in the first quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider's stock valued at $479,000 after buying an additional 30 shares during the period. Finally, Sunflower Bank N.A. increased its stake in shares of AON by 1.8% in the second quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider's stock valued at $598,000 after buying an additional 30 shares during the period. Institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AON shares. Cantor Fitzgerald raised AON to a "strong-buy" rating in a research note on Wednesday, August 13th. Barclays reiterated an "overweight" rating and issued a $420.00 target price (up from $401.00) on shares of AON in a report on Thursday, July 31st. Jefferies Financial Group upgraded AON from a "hold" rating to a "buy" rating and upped their target price for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. JPMorgan Chase & Co. reduced their target price on AON from $436.00 to $433.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Wells Fargo & Company reduced their target price on AON from $451.00 to $448.00 and set an "overweight" rating on the stock in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, AON currently has a consensus rating of "Moderate Buy" and an average target price of $420.00.

AON Price Performance

AON stock opened at $359.82 on Monday. The stock has a market capitalization of $77.59 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 2.14 and a beta of 0.89. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The stock's 50 day moving average price is $364.41 and its two-hundred day moving average price is $362.53. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.40 by $0.09. The firm had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The company's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.93 EPS. On average, equities analysts predict that Aon plc will post 17.21 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.