Clifford Swan Investment Counsel LLC Has $6.41 Million Stake in Aon plc $AON

Clifford Swan Investment Counsel LLC boosted its stake in shares of Aon plc (NYSE:AON) by 24.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,952 shares of the financial services provider’s stock after purchasing an additional 3,547 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in AON were worth $6,405,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Financial Gravity Asset Management Inc. acquired a new position in AON in the 1st quarter valued at $28,000. Saudi Central Bank bought a new stake in AON during the first quarter valued at about $31,000. Pinnacle Bancorp Inc. grew its position 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 purchasing an additional 33 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of AON in the second quarter worth about $32,000. Finally, HHM Wealth Advisors LLC lifted its position in shares of AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 29 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Down 0.3%

AON opened at $342.35 on Thursday. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The company has a market capitalization of $73.82 billion, a P/E ratio of 28.67, a P/E/G ratio of 2.02 and a beta of 0.89. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The firm’s fifty day moving average price is $361.80 and its two-hundred day moving average price is $360.50.

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

AON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be paid a $0.745 dividend. 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 currently 24.96%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wolfe Research assumed coverage on AON in a report on Monday, September 15th. They issued a “peer perform” rating on the stock. Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $385.00 to $430.00 in a research report on Thursday, September 11th. JPMorgan Chase & Co. dropped their target price on shares of AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Wells Fargo & Company reduced their price target on shares of AON from $451.00 to $448.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Finally, Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $420.00.

AON Company 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.