Soltis Investment Advisors LLC Buys Shares of 2,355 Aon plc $AON

Soltis Investment Advisors LLC acquired a new stake in Aon plc (NYSE:AON) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,355 shares of the financial services provider’s stock, valued at approximately $840,000.

Other large investors have also added to or reduced their stakes in the company. Polen Capital Management LLC increased its position in shares of AON by 318.1% in the first quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock valued at $1,200,350,000 after acquiring an additional 2,288,397 shares during the last quarter. Nuveen LLC acquired a new stake in shares of AON in the 1st quarter valued at approximately $505,108,000. Wellington Management Group LLP bought a new position in shares of AON in the first quarter valued at $490,634,000. Bank of New York Mellon Corp increased its holdings in AON by 15.6% during the second quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock worth $1,251,391,000 after buying an additional 473,594 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in AON by 276.0% in the second quarter. Vontobel Holding Ltd. now owns 460,971 shares of the financial services provider’s stock valued at $164,456,000 after acquiring an additional 338,373 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Down 0.5%

Shares of AON opened at $339.91 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $73.06 billion, a PE ratio of 28.47, a P/E/G ratio of 1.92 and a beta of 0.86. The firm’s 50 day moving average is $354.50 and its 200-day moving average is $357.88. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.72 earnings per share. Equities research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, November 3rd. AON’s payout ratio is currently 23.88%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AON shares. Keefe, Bruyette & Woods cut their target price on shares of AON from $428.00 to $410.00 and set an “outperform” rating for the company in a research note on Tuesday. Cantor Fitzgerald raised AON to a “strong-buy” rating in a report on Wednesday, August 13th. Barclays reaffirmed an “overweight” rating and set a $420.00 price objective (up from $401.00) on shares of AON in a research report on Thursday, July 31st. Morgan Stanley upgraded shares of AON from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $385.00 to $430.00 in a research note on Thursday, September 11th. Finally, Piper Sandler upped their price target 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 equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, AON currently has a consensus rating of “Moderate Buy” and a consensus target price of $421.07.

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.