Aon plc $AON Shares Sold by Ascent Group LLC

Ascent Group LLC decreased its stake in shares of Aon plc (NYSE:AON) by 0.4% during the second quarter, HoldingsChannel reports. The firm owned 8,001 shares of the financial services provider’s stock after selling 33 shares during the quarter. Ascent Group LLC’s holdings in AON were worth $2,854,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Relyea Zuckerberg Hanson LLC increased its stake in AON by 1.9% during the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 27 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in AON by 0.9% during the 2nd 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 purchasing an additional 28 shares in the last quarter. Brighton Jones LLC increased its stake in AON by 0.4% during the 1st quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider’s stock valued at $2,916,000 after purchasing an additional 29 shares in the last quarter. HHM Wealth Advisors LLC boosted its holdings in shares of AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 29 shares during the last quarter. Finally, Catalyst Financial Partners LLC boosted its holdings in shares of AON by 2.6% in the 1st quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock valued at $479,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 0.9%

Shares of AON stock opened at $364.06 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market cap of $78.50 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. The company has a 50-day moving average of $363.77 and a two-hundred day moving average of $363.82. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97.

AON (NYSE:AON) last announced its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.09. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. AON’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.93 earnings per share. On average, analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $0.745 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. AON’s dividend payout ratio (DPR) is presently 24.96%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of AON in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a report on Wednesday, August 13th. Jefferies Financial Group raised shares of AON from a “hold” rating to a “buy” rating and increased their price target for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. Wells Fargo & Company reissued an “overweight” rating and set a $438.00 price target (up from $436.00) on shares of AON in a report on Thursday, July 10th. Finally, Piper Sandler increased their price objective on shares of AON from $393.00 to $413.00 and gave the company an “overweight” rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $415.06.

AON Company 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.