Twin City Private Wealth LLC Invests $678,000 in Aon plc $AON

Twin City Private Wealth LLC bought a new position in shares of Aon plc (NYSE:AON) during the 1st quarter, HoldingsChannel reports. The firm bought 2,100 shares of the financial services provider’s stock, valued at approximately $678,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AON. Fulton Bank N.A. grew its stake in shares of AON by 2.9% during the first quarter. Fulton Bank N.A. now owns 1,909 shares of the financial services provider’s stock worth $616,000 after acquiring an additional 53 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of AON by 3.3% in the 1st quarter. IFM Investors Pty Ltd now owns 40,827 shares of the financial services provider’s stock valued at $13,178,000 after purchasing an additional 1,288 shares during the last quarter. Premier Path Wealth Partners LLC acquired a new stake in AON in the 1st quarter worth approximately $240,000. SJS Investment Consulting Inc. grew its position in AON by 258.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 93 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ increased its stake in AON by 0.4% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 69,198 shares of the financial services provider’s stock valued at $22,336,000 after purchasing an additional 247 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on AON. Mizuho lowered their price objective on shares of AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Keefe, Bruyette & Woods reduced their target price on AON from $416.00 to $401.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Barclays dropped their price target on AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Wells Fargo & Company reduced their price objective on AON from $443.00 to $402.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, Piper Sandler decreased their target price on AON from $360.00 to $355.00 and set an “overweight” rating for the company in a report on Monday, June 15th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $394.94.

AON Price Performance

NYSE:AON opened at $343.34 on Thursday. The firm’s fifty day moving average is $322.59 and its two-hundred day moving average is $330.57. The firm has a market cap of $73.33 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 1.74 and a beta of 0.71. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. Aon plc has a one year low of $304.59 and a one year high of $381.00.

AON (NYSE:AON) last issued its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter in the previous year, the firm posted $5.67 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts expect that Aon plc will post 19.09 EPS for the current year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $0.82 dividend. The ex-dividend date was Friday, May 1st. This represents a $3.28 annualized dividend and a yield of 1.0%. This is a boost from AON’s previous quarterly dividend of $0.74. AON’s payout ratio is currently 18.00%.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.