Aon plc $AON Stock Position Lifted by Osaic Holdings Inc.

Osaic Holdings Inc. raised its holdings in shares of Aon plc (NYSE:AON) by 138.5% in the 2nd quarter, Holdings Channel reports. The firm owned 29,297 shares of the financial services provider’s stock after purchasing an additional 17,014 shares during the quarter. Osaic Holdings Inc.’s holdings in AON were worth $10,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of AON. Saudi Central Bank acquired a new position in AON during the 1st quarter valued at approximately $31,000. Atlantic Union Bankshares Corp bought a new position in AON in the 2nd quarter worth approximately $31,000. Trust Co. of Toledo NA OH bought a new position in AON in the 2nd quarter valued at about $32,000. Pinnacle Bancorp Inc. boosted its holdings in shares of 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 acquiring an additional 33 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in AON during the second quarter worth approximately $37,000. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AON shares. Wells Fargo & Company lowered their price objective on shares of AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AON in a research note on Monday. Mizuho started coverage on AON in a research report on Monday. They set a “neutral” rating and a $389.00 price objective for the company. Evercore ISI upped their price objective on shares of AON from $427.00 to $435.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Finally, Roth Capital reaffirmed a “buy” rating and issued a $390.00 target price on shares of AON in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $413.18.

AON Stock Down 0.8%

AON stock opened at $350.09 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a fifty day moving average price of $346.06 and a two-hundred day moving average price of $355.76. The firm has a market cap of $75.25 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 2.01 and a beta of 0.84. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97.

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

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, November 3rd. AON’s payout ratio is currently 23.88%.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.