PUREfi Wealth LLC Boosts Stock Position in Aon plc $AON

PUREfi Wealth LLC raised its position in shares of Aon plc (NYSE:AON) by 13.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,899 shares of the financial services provider’s stock after purchasing an additional 226 shares during the quarter. PUREfi Wealth LLC’s holdings in AON were worth $677,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AON. Financial Gravity Asset Management Inc. purchased a new stake in AON during the 1st quarter valued at about $28,000. Saudi Central Bank acquired a new position in shares of AON in the 1st quarter valued at about $31,000. Pinnacle Bancorp Inc. lifted its holdings in shares of AON by 56.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after buying an additional 33 shares during the period. HHM Wealth Advisors LLC lifted 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 buying an additional 29 shares during the period. Finally, Tsfg LLC acquired a new position in shares of AON in the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AON shares. Barclays reissued an “overweight” rating and issued a $420.00 price objective (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. Citigroup started coverage on AON in a report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 target price for the company. Evercore ISI increased their target price on AON from $421.00 to $427.00 and gave the company an “outperform” rating in a report on Wednesday. TD Cowen reduced their target price on AON from $427.00 to $419.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Finally, Wolfe Research started coverage on AON in a report on Monday, September 15th. They set a “peer perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $415.06.

AON Price Performance

NYSE:AON opened at $364.06 on Monday. Aon plc has a one year low of $323.73 and a one year high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market cap of $78.50 billion, a PE ratio of 30.49, a P/E/G ratio of 2.16 and a beta of 0.89. The stock has a 50 day moving average price of $363.77 and a 200 day moving average price of $363.61.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter last year, the firm earned $2.93 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities research analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

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

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.