Rothschild Investment LLC Purchases New Stake in Aon plc (NYSE:AON)

Rothschild Investment LLC acquired a new position in shares of Aon plc (NYSE:AON) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 9,646 shares of the financial services provider’s stock, valued at approximately $2,832,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in AON during the fourth quarter valued at approximately $157,650,000. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new position in shares of AON in the 4th quarter valued at $281,000. Atria Wealth Solutions Inc. raised its holdings in shares of AON by 6.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 1,837 shares of the financial services provider’s stock worth $535,000 after buying an additional 110 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of AON by 59.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 1,974 shares of the financial services provider’s stock worth $574,000 after buying an additional 739 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. boosted its stake in AON by 5.9% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 900 shares of the financial services provider’s stock valued at $262,000 after buying an additional 50 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AON. Piper Sandler increased their target price on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Bank of America downgraded shares of AON from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $345.00 to $306.00 in a research note on Wednesday, May 22nd. Morgan Stanley lowered their price target on shares of AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Keefe, Bruyette & Woods raised AON from an “underperform” rating to an “outperform” rating and raised their price objective for the company from $313.00 to $380.00 in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $333.21.

AON Stock Performance

Shares of AON stock opened at $343.72 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. Aon plc has a one year low of $268.06 and a one year high of $345.56. The business’s 50 day simple moving average is $314.77 and its 200 day simple moving average is $307.86. The stock has a market capitalization of $74.67 billion, a PE ratio of 26.94, a PEG ratio of 2.22 and a beta of 0.91.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a return on equity of 252.81% and a net margin of 18.00%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the previous year, the business posted $2.76 earnings per share. The business’s revenue was up 18.4% on a year-over-year basis. As a group, research analysts forecast that Aon plc will post 15.23 earnings per share for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.79%. The ex-dividend date was Thursday, August 1st. AON’s dividend payout ratio is presently 21.16%.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.