Revolve Wealth Partners LLC Purchases 2,682 Shares of Aon plc $AON

Revolve Wealth Partners LLC raised its position in Aon plc (NYSE:AON) by 231.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,841 shares of the financial services provider’s stock after buying an additional 2,682 shares during the quarter. Revolve Wealth Partners LLC’s holdings in AON were worth $1,063,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of AON by 5.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 650 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 33 shares during the period. Aspen Grove Capital LLC increased its stake in shares of AON by 4.8% during the first quarter. Aspen Grove Capital LLC now owns 737 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 34 shares during the period. Novem Group raised its holdings in AON by 1.0% during the third quarter. Novem Group now owns 3,460 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 35 shares in the last quarter. KCM Investment Advisors LLC raised its holdings in AON by 6.2% during the first quarter. KCM Investment Advisors LLC now owns 651 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 38 shares in the last quarter. Finally, RDA Financial Network lifted its position in AON by 2.9% in the second quarter. RDA Financial Network now owns 1,451 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of NYSE:AON opened at $303.47 on Monday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.54 and a current ratio of 1.54. The business’s fifty day moving average price is $305.15 and its two-hundred day moving average price is $325.23. The stock has a market cap of $64.37 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 1.59 and a beta of 0.70. Aon plc has a one year low of $266.33 and a one year high of $382.34.

AON (NYSE:AON) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share for the quarter, topping analysts’ consensus estimates of $3.80 by $0.01. AON had a return on equity of 42.13% and a net margin of 22.27%. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the previous year, the firm posted $3.49 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts forecast that Aon plc will post 18.73 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, November 2nd. AON’s dividend payout ratio (DPR) is currently 18.08%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of analyst reports. Wells Fargo & Company lowered their price objective on AON from $383.00 to $323.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of AON in a research report on Tuesday, September 1st. Wall Street Zen downgraded AON from a “hold” rating to a “sell” rating in a research note on Sunday, September 6th. Evercore reduced their price target on AON from $423.00 to $375.00 in a report on Thursday, October 8th. Finally, Weiss Ratings downgraded AON from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th. Twelve investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AON presently has an average rating of “Moderate Buy” and an average target price of $367.59.

Insider Transactions at AON

In other AON news, General Counsel Darren Zeidel sold 1,900 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total value of $717,744.00. Following the transaction, the general counsel directly owned 11,504 shares in the company, valued at approximately $4,345,751.04. This represents a 14.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lester B. Knight purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were purchased at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the completion of the purchase, the director directly owned 163,000 shares in the company, valued at $53,379,240. The trade was a 13.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.00% of the company’s stock.

About AON

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.