Twelve Points Wealth Management LLC Acquires 102 Shares of Aon plc $AON

Twelve Points Wealth Management LLC raised its holdings in shares of Aon plc (NYSE:AON) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,695 shares of the financial services provider’s stock after acquiring an additional 102 shares during the period. Twelve Points Wealth Management LLC’s holdings in AON were worth $962,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds 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 1st quarter valued at $28,000. Saudi Central Bank acquired a new position in shares of AON in the 1st quarter valued at $31,000. HHM Wealth Advisors LLC grew its holdings in shares of AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after buying an additional 29 shares during the period. Pinnacle Bancorp Inc. grew its holdings in shares of AON by 56.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after buying an additional 33 shares during the period. Finally, Tsfg LLC acquired a new position in shares of AON in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 1.3%

Shares of NYSE:AON opened at $356.24 on Friday. The company’s 50-day moving average price is $363.72 and its two-hundred day moving average price is $365.22. 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 one year low of $323.73 and a one year high of $412.97. The stock has a market capitalization of $76.81 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 2.08 and a beta of 0.87.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $4.16 billion. During the same period in the previous year, the firm posted $2.93 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, equities analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON’s payout ratio is 24.96%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AON. Barclays reissued an “overweight” rating and issued a $420.00 price target (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. Jefferies Financial Group raised shares of AON from a “hold” rating to a “buy” rating and upped their target price for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. Piper Sandler upped their target price on shares of AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Citigroup assumed coverage on shares of AON in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 target price for the company. Finally, TD Cowen reduced their target price on shares of AON from $427.00 to $419.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, AON has an average rating of “Moderate Buy” and a consensus price target of $414.69.

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.