Catalyst Capital Advisors LLC Has $1.41 Million Stock Position in Aon plc $AON

Catalyst Capital Advisors LLC grew its stake in shares of Aon plc (NYSE:AON) by 107.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,953 shares of the financial services provider’s stock after purchasing an additional 2,046 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in AON were worth $1,410,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its stake in shares of AON by 3.4% during the 2nd quarter. Asset Management One Co. Ltd. now owns 89,950 shares of the financial services provider’s stock worth $32,091,000 after purchasing an additional 2,992 shares during the last quarter. Bleakley Financial Group LLC increased its position in AON by 16.3% during the second quarter. Bleakley Financial Group LLC now owns 18,414 shares of the financial services provider’s stock worth $6,569,000 after buying an additional 2,575 shares during the last quarter. Clifford Swan Investment Counsel LLC increased its position in AON by 24.6% during the second quarter. Clifford Swan Investment Counsel LLC now owns 17,952 shares of the financial services provider’s stock worth $6,405,000 after buying an additional 3,547 shares during the last quarter. Forum Financial Management LP increased its position in AON by 44.4% during the second quarter. Forum Financial Management LP now owns 1,430 shares of the financial services provider’s stock worth $510,000 after buying an additional 440 shares during the last quarter. Finally, Ethic Inc. increased its holdings in shares of AON by 4.9% during the 2nd quarter. Ethic Inc. now owns 25,268 shares of the financial services provider’s stock worth $8,913,000 after acquiring an additional 1,182 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Evercore ISI boosted their target price on AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of AON in a report on Wednesday, October 8th. Wells Fargo & Company decreased their price objective on shares of AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price target on shares of AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Finally, Citigroup started coverage on shares of AON in a research report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $420.00.

AON Trading Down 0.5%

Shares of AON stock opened at $341.54 on Friday. Aon plc has a fifty-two week low of $323.73 and a fifty-two week 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 company has a market cap of $73.65 billion, a PE ratio of 28.60, a P/E/G ratio of 2.02 and a beta of 0.89. The stock’s fifty day moving average price is $361.29 and its two-hundred day moving average price is $360.34.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the firm posted $2.93 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

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

About AON

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.