275 Shares in Aon plc $AON Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC acquired a new position in shares of Aon plc (NYSE:AON) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 275 shares of the financial services provider’s stock, valued at approximately $98,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AON. Financial Gravity Asset Management Inc. purchased a new stake in AON during the 1st quarter worth about $28,000. Saudi Central Bank purchased a new stake in AON during the 1st quarter worth about $31,000. Pinnacle Bancorp Inc. increased its position in AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 33 shares in the last quarter. HHM Wealth Advisors LLC increased its position 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 purchasing an additional 29 shares in the last quarter. Finally, Tsfg LLC purchased a new stake in AON during the 1st quarter worth about $37,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Evercore ISI lifted their price objective on AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Wells Fargo & Company lowered their price target on AON from $451.00 to $448.00 and set an “overweight” rating for the company in a report on Wednesday. Wolfe Research started coverage on AON in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Weiss Ratings restated a “buy (b-)” rating on shares of AON in a report on Wednesday. Finally, Piper Sandler lifted their price target on AON from $393.00 to $413.00 and gave the company an “overweight” rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, AON has an average rating of “Moderate Buy” and a consensus target price of $420.00.

AON Stock Performance

AON stock opened at $359.82 on Friday. The stock’s 50 day moving average price is $364.41 and its 200 day moving average price is $363.01. The firm has a market capitalization of $77.59 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 2.14 and a beta of 0.89. 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 plc has a one year low of $323.73 and a one year high of $412.97.

AON (NYSE:AON) last announced its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the prior year, the company posted $2.93 EPS. AON’s quarterly revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

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.