J.W. Cole Advisors Inc. boosted its stake in Aon plc (NYSE:AON – Get Rating) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 914 shares of the financial services provider’s stock after buying an additional 92 shares during the period. J.W. Cole Advisors Inc.’s holdings in AON were worth $245,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP acquired a new stake in AON in the third quarter worth $29,000. Larson Financial Group LLC acquired a new stake in AON in the second quarter worth $32,000. Coston McIsaac & Partners acquired a new stake in AON in the second quarter worth $38,000. Eagle Bay Advisors LLC acquired a new stake in AON in the second quarter worth $39,000. Finally, Massmutual Trust Co. FSB ADV increased its position in AON by 47.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 158 shares of the financial services provider’s stock worth $42,000 after buying an additional 51 shares during the period. 86.12% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently issued reports on AON shares. Citigroup started coverage on AON in a research note on Wednesday, December 14th. They issued a “neutral” rating and a $339.00 price target for the company. MKM Partners increased their price target on AON from $335.00 to $360.00 and gave the stock a “buy” rating in a research note on Monday, December 5th. Bank of America started coverage on AON in a research note on Monday, September 19th. They issued a “neutral” rating and a $294.00 price target for the company. TheStreet raised AON from a “c+” rating to a “b-” rating in a research note on Friday, December 9th. Finally, Morgan Stanley increased their price target on AON from $250.00 to $255.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $311.89.
AON Trading Up 0.4 %
AON (NYSE:AON – Get Rating) last announced its earnings results on Friday, October 28th. The financial services provider reported $2.02 EPS for the quarter, beating the consensus estimate of $2.01 by $0.01. AON had a return on equity of 445.81% and a net margin of 22.49%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the business posted $1.74 earnings per share. AON’s revenue was down .2% compared to the same quarter last year. Sell-side analysts predict that Aon plc will post 13.16 EPS for the current year.
AON Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, February 1st will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, January 31st. AON’s dividend payout ratio is currently 17.39%.
AON Company Profile
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, cyber, and global risk consulting solutions, as well as acts as a captives management; and health solutions, such as health and benefits brokerages, and health care exchanges.
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