1,892 Shares in Aon plc $AON Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC bought a new stake in shares of Aon plc (NYSE:AON) during the 2nd quarter, HoldingsChannel reports. The firm bought 1,892 shares of the financial services provider’s stock, valued at approximately $675,000.

Other hedge funds have also made changes to their positions in the company. Nordea Investment Management AB raised its stake in shares of AON by 6.6% during the 2nd quarter. Nordea Investment Management AB now owns 17,062 shares of the financial services provider’s stock worth $6,051,000 after purchasing an additional 1,061 shares in the last quarter. Peak Financial Advisors LLC acquired a new position in AON in the second quarter worth approximately $2,464,000. Focus Partners Wealth raised its position in AON by 27.7% during the first quarter. Focus Partners Wealth now owns 125,834 shares of the financial services provider’s stock valued at $50,219,000 after acquiring an additional 27,280 shares in the last quarter. Jump Financial LLC lifted its stake in AON by 314.2% in the first quarter. Jump Financial LLC now owns 8,809 shares of the financial services provider’s stock valued at $3,516,000 after acquiring an additional 6,682 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc bought a new stake in AON in the first quarter worth approximately $635,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Trading Up 0.4%

AON stock opened at $354.14 on Friday. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market capitalization of $76.12 billion, a PE ratio of 29.66, a PEG ratio of 1.92 and a beta of 0.86. The business’s 50-day simple moving average is $349.21 and its 200-day simple moving average is $357.14.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a return on equity of 50.91% and a net margin of 15.54%.The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the business posted $2.72 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts forecast 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 was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were issued a $0.745 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. AON’s dividend payout ratio is 23.88%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AON. Morgan Stanley upgraded shares of AON from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $385.00 to $430.00 in a report on Thursday, September 11th. Weiss Ratings upgraded AON from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Barclays reiterated an “equal weight” rating and set a $379.00 price target (down previously from $420.00) on shares of AON in a research note on Thursday, November 20th. TD Cowen cut their price objective on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. reduced their target price on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $416.56.

About AON

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.