Freedom Investment Management Inc. Has $1.02 Million Stock Position in Aon plc $AON

Freedom Investment Management Inc. trimmed its position in Aon plc (NYSE:AON) by 1.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,867 shares of the financial services provider’s stock after selling 41 shares during the period. Freedom Investment Management Inc.’s holdings in AON were worth $1,023,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. acquired a new position in shares of AON in the first quarter worth about $28,000. Saudi Central Bank acquired a new position in shares of AON in the first quarter worth about $31,000. 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 worth $32,000 after buying an additional 33 shares during the period. Trust Co. of Toledo NA OH acquired a new position in shares of AON in the second quarter worth about $32,000. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after buying an additional 29 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AON has been the subject of several research reports. Weiss Ratings restated a “buy (b-)” rating on shares of AON in a report on Wednesday, October 8th. Citigroup assumed coverage on shares of AON in a research report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price objective on the stock. Wells Fargo & Company cut their price objective on shares of AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Evercore ISI raised their price objective on shares of AON from $421.00 to $427.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Finally, Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $385.00 to $430.00 in a research report on Thursday, September 11th. One equities research 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $420.00.

AON Stock Down 0.5%

AON opened at $341.54 on Friday. The firm’s fifty day moving average price is $361.29 and its two-hundred day moving average price is $360.34. The company has a market capitalization of $73.65 billion, a P/E ratio of 28.60, 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. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97.

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

AON Dividend Announcement

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 given a dividend of $0.745 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s dividend payout ratio is 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.