Ethic Inc. Purchases 1,182 Shares of Aon plc $AON

Ethic Inc. raised its stake in Aon plc (NYSE:AON) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,268 shares of the financial services provider’s stock after purchasing an additional 1,182 shares during the quarter. Ethic Inc.’s holdings in AON were worth $8,913,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WCM Investment Management LLC raised its stake in shares of AON by 0.3% in the first quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider’s stock worth $809,544,000 after purchasing an additional 6,038 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of AON by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider’s stock worth $11,183,000 after purchasing an additional 1,489 shares during the last quarter. Catalyst Capital Advisors LLC raised its stake in shares of AON by 425.3% in the first quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 1,544 shares during the last quarter. Ninety One North America Inc. raised its stake in shares of AON by 64.4% in the first quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider’s stock worth $2,986,000 after purchasing an additional 2,932 shares during the last quarter. Finally, Peak Financial Advisors LLC purchased a new stake in shares of AON in the second quarter worth approximately $2,464,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on AON shares. Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $385.00 to $430.00 in a research report on Thursday, September 11th. Cantor Fitzgerald raised AON to a “strong-buy” rating in a research report on Wednesday, August 13th. Evercore ISI increased their price target on AON from $421.00 to $427.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. decreased their price target on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Finally, Piper Sandler raised their target price on AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $420.00.

AON Price Performance

AON stock opened at $342.35 on Thursday. Aon plc has a one year low of $323.73 and a one year high of $412.97. The business has a fifty day moving average price of $361.80 and a 200-day moving average price of $360.50. 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 has a market capitalization of $73.82 billion, a P/E ratio of 28.67, a PEG ratio of 2.02 and a beta of 0.89.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the company earned $2.93 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, equities research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be paid 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 dividend payout ratio (DPR) is currently 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.