Signal Advisors Wealth LLC Decreases Stock Holdings in Aon plc $AON

Signal Advisors Wealth LLC lowered its stake in shares of Aon plc (NYSE:AON) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 754 shares of the financial services provider’s stock after selling 32 shares during the quarter. Signal Advisors Wealth LLC’s holdings in AON were worth $269,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AON. Vanguard Group Inc. increased its holdings in AON by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider’s stock worth $7,893,382,000 after buying an additional 258,699 shares during the period. Bank of New York Mellon Corp grew its stake in AON by 18.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider’s stock valued at $1,210,864,000 after acquiring an additional 469,238 shares during the period. Polen Capital Management LLC grew its stake in AON by 318.1% in the 1st 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 period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in AON by 2.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390,571 shares of the financial services provider’s stock valued at $954,053,000 after acquiring an additional 61,350 shares during the period. Finally, Northern Trust Corp lifted its holdings in AON by 6.1% in the 1st quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider’s stock valued at $914,163,000 after purchasing an additional 131,676 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AON shares. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $385.00 to $430.00 in a report on Thursday, September 11th. Citigroup initiated coverage on AON in a report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price target on the stock. TD Cowen cut their price objective on AON from $427.00 to $419.00 and set a “buy” rating for the company in a research report on Wednesday. Wells Fargo & Company reissued an “overweight” rating and set a $438.00 price objective (up from $436.00) on shares of AON in a research report on Thursday, July 10th. Finally, Cantor Fitzgerald raised AON to a “strong-buy” rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.69.

AON Stock Performance

NYSE AON opened at $350.05 on Friday. The business’s 50-day moving average price is $363.92 and its 200 day moving average price is $366.61. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a market capitalization of $75.48 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 2.08 and a beta of 0.87. The company has a current ratio of 1.52, a quick 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 for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the prior year, the business posted $2.93 earnings per share. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, August 1st. AON’s dividend payout ratio (DPR) is 24.96%.

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.