Aon plc $AON Shares Purchased by NBT Bank N A NY

NBT Bank N A NY lifted its position in shares of Aon plc (NYSE:AON) by 16.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,254 shares of the financial services provider’s stock after acquiring an additional 610 shares during the period. NBT Bank N A NY’s holdings in AON were worth $1,518,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in shares of AON during the first quarter worth about $28,000. Saudi Central Bank bought a new position in shares of AON during the first quarter worth about $31,000. Pinnacle Bancorp Inc. grew its position in shares of AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 33 shares during the last quarter. HHM Wealth Advisors LLC grew its position in shares of AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 29 shares during the last quarter. Finally, Tsfg LLC bought a new position in shares of AON during the first quarter worth about $37,000. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AON shares. Citigroup started coverage on shares of AON in a research note on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price objective on the stock. Wolfe Research started coverage on shares of AON in a research note on Monday, September 15th. They set a “peer perform” rating on the stock. Morgan Stanley upgraded shares of AON from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $385.00 to $430.00 in a research note on Thursday, September 11th. Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and lifted their price objective for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. Finally, Piper Sandler lifted their price objective on shares of AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $415.69.

AON Price Performance

NYSE:AON opened at $365.36 on Thursday. The business’s 50-day moving average price is $364.18 and its 200 day moving average price is $363.48. The firm has a market cap of $78.78 billion, a P/E ratio of 30.60, a PEG ratio of 2.17 and a beta of 0.89. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93.

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

AON Dividend Announcement

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

AON 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.