Aon plc (NYSE:AON) Position Increased by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. lifted its stake in Aon plc (NYSE:AONFree Report) by 14.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 873 shares of the financial services provider’s stock after acquiring an additional 107 shares during the period. Ausdal Financial Partners Inc.’s holdings in AON were worth $283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in AON in the third quarter worth $171,000. HighTower Advisors LLC lifted its position in AON by 8.9% in the third quarter. HighTower Advisors LLC now owns 42,869 shares of the financial services provider’s stock worth $13,912,000 after purchasing an additional 3,519 shares during the period. Pathstone Family Office LLC lifted its position in AON by 45.1% in the third quarter. Pathstone Family Office LLC now owns 15,663 shares of the financial services provider’s stock worth $5,081,000 after purchasing an additional 4,872 shares during the period. Pine Valley Investments Ltd Liability Co lifted its position in AON by 4.3% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 6,291 shares of the financial services provider’s stock worth $2,040,000 after purchasing an additional 261 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of AON by 5.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 14,087 shares of the financial services provider’s stock valued at $4,567,000 after acquiring an additional 702 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AON. Piper Sandler cut their price objective on AON from $318.00 to $306.00 and set a “neutral” rating for the company in a report on Thursday, December 21st. Royal Bank of Canada cut their price objective on AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a report on Monday, February 5th. UBS Group cut their price objective on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a report on Monday, February 5th. JPMorgan Chase & Co. upgraded AON from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $351.00 to $321.00 in a research note on Monday, January 8th. Finally, The Goldman Sachs Group lowered their target price on AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, AON has a consensus rating of “Hold” and an average target price of $334.93.

Check Out Our Latest Stock Report on AON

AON Price Performance

AON stock opened at $312.47 on Friday. The firm has a market capitalization of $62.56 billion, a P/E ratio of 25.04, a PEG ratio of 1.85 and a beta of 0.86. Aon plc has a 1 year low of $280.89 and a 1 year high of $347.37. The business has a 50-day moving average of $303.52 and a 200-day moving average of $318.65. The company has a current ratio of 1.27, a quick ratio of 1.41 and a debt-to-equity ratio of 61.66.

AON (NYSE:AONGet Free Report) last posted its earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.07 by ($0.18). The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.36 billion. AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. AON’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.89 earnings per share. On average, equities analysts anticipate that Aon plc will post 15.96 EPS for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a dividend of $0.615 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $2.46 annualized dividend and a dividend yield of 0.79%. AON’s payout ratio is currently 19.71%.

Insider Transactions at AON

In other AON news, Director Lester B. Knight acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were acquired at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the acquisition, the director now directly owns 134,000 shares of the company’s stock, valued at approximately $40,463,980. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.15% of the company’s stock.

AON Company Profile

(Free Report)

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health 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.

Further Reading

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Institutional Ownership by Quarter for AON (NYSE:AON)

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