IFC Advisors LLC Has $381,000 Stock Position in Aon plc $AON

IFC Advisors LLC reduced its position in Aon plc (NYSE:AON) by 8.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,068 shares of the financial services provider’s stock after selling 100 shares during the period. IFC Advisors LLC’s holdings in AON were worth $381,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AON. Barclays reaffirmed an “overweight” rating and set a $420.00 target price (up from $401.00) on shares of AON in a report on Thursday, July 31st. JPMorgan Chase & Co. lowered their target price on shares of AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Wolfe Research started coverage on shares of AON in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, Citigroup started coverage on shares of AON in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $420.00.

AON Stock Performance

Shares of AON stock opened at $353.44 on Tuesday. 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 current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $76.21 billion, a P/E ratio of 29.60, a P/E/G ratio of 2.14 and a beta of 0.89. The company’s 50 day moving average price is $364.27 and its two-hundred day moving average price is $362.24.

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 analysts’ consensus estimates of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the business posted $2.93 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, equities analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, November 3rd. AON’s payout ratio is 24.96%.

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.