Aon plc $AON Stock Purchased by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC grew its position in shares of Aon plc (NYSE:AON) by 3,069.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,754 shares of the financial services provider’s stock after purchasing an additional 4,604 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in AON were worth $1,316,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of AON during the 3rd quarter worth $15,176,000. Aviance Capital Partners LLC purchased a new position in shares of AON in the 3rd quarter valued at about $208,000. Profund Advisors LLC lifted its stake in shares of AON by 10.4% in the third quarter. Profund Advisors LLC now owns 1,977 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 187 shares during the period. Americana Partners LLC lifted its stake in shares of AON by 16.2% in the third quarter. Americana Partners LLC now owns 9,482 shares of the financial services provider’s stock valued at $2,624,000 after purchasing an additional 1,323 shares during the period. Finally, State of Wyoming boosted its holdings in AON by 21.2% during the third quarter. State of Wyoming now owns 1,741 shares of the financial services provider’s stock worth $482,000 after buying an additional 305 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Jefferies Financial Group lowered their target price on shares of AON from $387.00 to $383.00 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. Morgan Stanley reduced their price target on shares of AON from $410.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, October 6th. Evercore decreased their price target on AON from $423.00 to $375.00 in a research note on Thursday, October 8th. BMO Capital Markets upgraded AON from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $319.00 to $380.00 in a report on Tuesday. Finally, Keefe, Bruyette & Woods lowered their price target on AON from $417.00 to $342.00 and set an “outperform” rating on the stock in a report on Monday, October 12th. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $369.12.

AON Price Performance

AON stock opened at $329.88 on Wednesday. The firm has a market capitalization of $69.99 billion, a PE ratio of 18.07, a P/E/G ratio of 1.75 and a beta of 0.63. Aon plc has a 52 week low of $266.33 and a 52 week high of $382.34. The firm’s 50-day simple moving average is $301.16 and its 200 day simple moving average is $325.95. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last released its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $3.36 earnings per share for the quarter, topping the consensus estimate of $3.30 by $0.06. AON had a return on equity of 40.46% and a net margin of 22.24%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the business posted $3.05 earnings per share. AON’s revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that Aon plc will post 18.55 EPS for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be given a $0.82 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. AON’s dividend payout ratio (DPR) is currently 17.96%.

Key AON News

Here are the key news stories impacting AON this week:

• Positive Sentiment: BMO Capital Markets upgraded AON from “market perform” to “outperform” and raised its price target to $380 from $319, signaling improved confidence in the shares. BMO Capital Markets stock recommendations
• Positive Sentiment: Aon and Munich Re launched a parametric pandemic-risk solution for Indonesia and the Philippines, extending Aon’s risk-transfer offerings in the region. Aon and Munich Re launch parametric pandemic solution
• Positive Sentiment: Aon leaders pointed to APAC insurance growth, rising demand for facultative reinsurance, and opportunities tied to emerging risks and protection gaps—potential avenues for future business. Aon’s Valera: APAC insurance growth Facultative demand rises across Asia
• Neutral Sentiment: Raymond James raised its rating from “underperform” to “market perform,” a less bearish stance but not an outright bullish recommendation. Raymond James upgrades Aon
• Negative Sentiment: UBS lowered its price target to $356 from $387 and maintained a “neutral” rating, indicating a more cautious view of AON’s valuation. UBS Group stock recommendations
• Negative Sentiment: Aon leaders noted that APAC markets are softening, which could weigh on near-term growth even as the company pursues profitable opportunities. Aon leaders outline path to profitable growth

Insider Transactions at AON

In related news, Director Lester Knight acquired 20,000 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was bought at an average cost of $327.48 per share, with a total value of $6,549,600.00. Following the purchase, the director directly owned 163,000 shares of the company’s stock, valued at approximately $53,379,240. This represents a 13.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company’s stock.

AON Company Profile

Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.

The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.

Aon’s human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.