Focus Financial Network Inc. Buys 31 Shares of Aon plc $AON

Focus Financial Network Inc. lifted its stake in Aon plc (NYSE:AON) by 5.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 577 shares of the financial services provider’s stock after buying an additional 31 shares during the period. Focus Financial Network Inc.’s holdings in AON were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AON. Relyea Zuckerberg Hanson LLC increased its holdings in shares of AON by 1.9% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider’s stock worth $570,000 after buying an additional 27 shares in the last quarter. Brighton Jones LLC grew its holdings in AON by 0.4% during the 1st quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider’s stock worth $2,916,000 after acquiring an additional 29 shares during the period. HHM Wealth Advisors LLC grew its holdings in AON by 54.7% during the 1st 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 period. Catalyst Financial Partners LLC boosted its position in shares of AON by 2.6% during the 1st quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 30 shares in the last quarter. Finally, Sunflower Bank N.A. boosted its position in shares of AON by 1.8% during the 2nd quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock worth $598,000 after purchasing an additional 30 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AON shares. Evercore ISI raised their price target on shares of AON from $411.00 to $421.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Citigroup assumed coverage on shares of AON in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 price objective for the company. 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. Wolfe Research initiated coverage on shares of AON in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Finally, Barclays reaffirmed an “overweight” rating and set a $420.00 price objective (up from $401.00) on shares of AON in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $414.69.

AON Trading Down 0.8%

Shares of NYSE AON opened at $350.05 on Monday. The firm’s 50 day moving average price is $363.92 and its 200-day moving average price is $366.36. The company has a market cap of $75.48 billion, a PE ratio of 29.32, a P/E/G ratio of 2.08 and a beta of 0.87. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the prior year, the firm earned $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, equities research analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid 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 of this dividend was Friday, August 1st. AON’s dividend payout ratio (DPR) is presently 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.