497 Shares in Aon plc $AON Bought by Neo Ivy Capital Management

Neo Ivy Capital Management acquired a new stake in Aon plc (NYSE:AON) during the second quarter, HoldingsChannel reports. The firm acquired 497 shares of the financial services provider’s stock, valued at approximately $177,000.

Several other hedge funds have also made changes to their positions in AON. Saudi Central Bank purchased a new position in shares of AON during the first quarter worth about $31,000. HHM Wealth Advisors LLC lifted its position in AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 29 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of AON in the 2nd quarter valued at approximately $31,000. Trust Co. of Toledo NA OH acquired a new position in shares of AON in the second quarter valued at approximately $32,000. Finally, Pinnacle Bancorp Inc. raised its stake in shares of AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the topic of several recent research reports. TD Cowen dropped their price objective on shares of AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Evercore ISI lifted their target price on shares of AON from $427.00 to $435.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and boosted their price target for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. JPMorgan Chase & Co. cut their price target on shares of AON from $436.00 to $433.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $379.00 price objective (down previously from $420.00) on shares of AON in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $416.56.

AON Stock Up 0.2%

Shares of NYSE AON opened at $346.58 on Friday. The stock has a market capitalization of $74.49 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The firm has a 50-day moving average price of $349.72 and a 200 day moving average price of $357.32. 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) last issued its earnings results on Thursday, October 30th. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. AON had a net margin of 15.54% and a return on equity of 50.91%. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the company posted $2.72 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were issued a dividend of $0.745 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s payout ratio is currently 23.88%.

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.