Oak Thistle LLC Makes New $4.27 Million Investment in Aon plc $AON

Oak Thistle LLC purchased a new stake in Aon plc (NYSE:AON) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,968 shares of the financial services provider’s stock, valued at approximately $4,268,000. AON comprises 0.7% of Oak Thistle LLC’s investment portfolio, making the stock its 12th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of AON by 4.7% in the first quarter. American Century Companies Inc. now owns 31,463 shares of the financial services provider’s stock worth $12,557,000 after acquiring an additional 1,413 shares during the last quarter. Raymond James Financial Inc. increased its position in AON by 13.1% during the 1st quarter. Raymond James Financial Inc. now owns 272,072 shares of the financial services provider’s stock worth $108,581,000 after purchasing an additional 31,413 shares in the last quarter. Freestone Capital Holdings LLC raised its stake in AON by 22.0% in the 1st quarter. Freestone Capital Holdings LLC now owns 1,696 shares of the financial services provider’s stock valued at $677,000 after purchasing an additional 306 shares during the last quarter. Brooklyn Investment Group lifted its holdings in AON by 19.2% in the 1st quarter. Brooklyn Investment Group now owns 1,921 shares of the financial services provider’s stock valued at $766,000 after purchasing an additional 309 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of AON by 6.1% during the 1st quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider’s stock worth $914,163,000 after purchasing an additional 131,676 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of AON in a research report on Monday. Barclays reissued an “equal weight” rating and set a $379.00 price target (down previously from $420.00) on shares of AON in a research note on Thursday, November 20th. JPMorgan Chase & Co. lowered their price objective on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Roth Capital reiterated a “buy” rating and set a $390.00 target price on shares of AON in a research report on Tuesday, November 4th. Finally, TD Cowen lowered their price target on AON from $419.00 to $416.00 and set a “buy” rating for the company in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $413.18.

AON Trading Down 0.5%

Shares of AON opened at $352.27 on Wednesday. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The firm has a market capitalization of $75.71 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 2.02 and a beta of 0.84. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.86. The stock’s fifty day simple moving average is $346.68 and its 200 day simple moving average is $355.99.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.97 billion. AON had a return on equity of 48.88% and a net margin of 15.96%.The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.72 earnings per share. On average, equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, November 3rd. AON’s payout ratio is 23.88%.

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.