First Trust Advisors LP Grows Stake in Aon plc $AON

First Trust Advisors LP boosted its stake in Aon plc (NYSE:AON) by 6.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 552,605 shares of the financial services provider’s stock after buying an additional 35,234 shares during the quarter. First Trust Advisors LP’s holdings in AON were worth $197,147,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AON. Saudi Central Bank purchased a new position in shares of AON in the first quarter valued at approximately $31,000. Atlantic Union Bankshares Corp acquired a new position in AON in the 2nd quarter valued at $31,000. Trust Co. of Toledo NA OH purchased a new position in AON in the 2nd quarter valued at $32,000. Pinnacle Bancorp Inc. boosted its stake in AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 33 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of AON during the second quarter worth $37,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Trading Up 0.9%

AON opened at $347.62 on Friday. The business’s 50 day moving average price is $348.75 and its 200 day moving average price is $356.86. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market capitalization of $74.71 billion, a PE ratio of 27.85, a P/E/G ratio of 1.96 and a beta of 0.84. Aon plc has a one year low of $323.73 and a one year high of $412.97.

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

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders 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 of this dividend was Monday, November 3rd. AON’s dividend payout ratio (DPR) is 23.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AON shares. UBS Group decreased their price target on shares of AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. TD Cowen decreased their target price on shares of AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Barclays restated an “equal weight” rating and issued a $379.00 price target (down from $420.00) on shares of AON in a research report on Thursday, November 20th. Keefe, Bruyette & Woods reduced their price objective on AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 4th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of AON in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $416.56.

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.