Linscomb Wealth Inc. Has $325,000 Stake in Aon plc $AON

Linscomb Wealth Inc. reduced its stake in shares of Aon plc (NYSE:AON) by 48.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 912 shares of the financial services provider’s stock after selling 849 shares during the quarter. Linscomb Wealth Inc.’s holdings in AON were worth $325,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Financial Gravity Asset Management Inc. acquired a new stake in shares of AON during the 1st quarter valued at $28,000. Saudi Central Bank purchased a new stake in shares of AON during the first quarter worth $31,000. Pinnacle Bancorp Inc. grew its stake in AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 33 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in AON in the 2nd quarter worth about $32,000. Finally, HHM Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Up 3.8%

AON stock opened at $340.75 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 company has a 50-day moving average of $356.70 and a two-hundred day moving average of $358.72. The stock has a market capitalization of $73.48 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 1.92 and a beta of 0.89. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.14. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.72 EPS. As a group, equities research analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. AON’s payout ratio is 24.96%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays reissued an “overweight” rating and issued a $420.00 price target (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Wolfe Research started coverage on shares of AON in a research report on Monday, September 15th. They issued a “peer perform” rating for the company. Citigroup began coverage on shares of AON in a report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price target on the stock. Wells Fargo & Company decreased their price objective on shares of AON from $451.00 to $448.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Finally, Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and raised their target price for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $420.00.

AON 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.