Abel Hall LLC Makes New $217,000 Investment in Aon plc $AON

Abel Hall LLC bought a new position in shares of Aon plc (NYSE:AON) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 607 shares of the financial services provider’s stock, valued at approximately $217,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS grew its holdings in shares of AON by 1.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 85,252 shares of the financial services provider’s stock worth $30,415,000 after acquiring an additional 1,000 shares during the period. Regency Capital Management Inc. DE grew its holdings in shares of AON by 28.7% during the 2nd quarter. Regency Capital Management Inc. DE now owns 13,262 shares of the financial services provider’s stock worth $4,731,000 after acquiring an additional 2,957 shares during the period. PUREfi Wealth LLC grew its holdings in shares of AON by 13.5% during the 2nd quarter. PUREfi Wealth LLC now owns 1,899 shares of the financial services provider’s stock worth $677,000 after acquiring an additional 226 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of AON by 2.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,311 shares of the financial services provider’s stock worth $824,000 after purchasing an additional 48 shares in the last quarter. Finally, Marks Group Wealth Management Inc grew its stake in shares of AON by 1.1% in the 2nd quarter. Marks Group Wealth Management Inc now owns 25,630 shares of the financial services provider’s stock worth $9,144,000 after buying an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of AON stock opened at $365.36 on Thursday. Aon plc has a one year low of $323.73 and a one year high of $412.97. The stock’s fifty day moving average is $364.18 and its 200 day moving average is $363.48. The stock has a market cap of $78.78 billion, a P/E ratio of 30.60, a P/E/G ratio of 2.17 and a beta of 0.89. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52.

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

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 1st. AON’s dividend payout ratio (DPR) is currently 24.96%.

Analysts Set New Price Targets

Several research firms recently weighed in on AON. Evercore ISI upped their price target on AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Wolfe Research began coverage on AON in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. Cantor Fitzgerald upgraded AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Barclays restated an “overweight” rating and issued a $420.00 price target (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AON in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, AON has a consensus rating of “Moderate Buy” and a consensus target price of $415.69.

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.