1,294 Shares in Aon plc $AON Acquired by Arjuna Capital

Arjuna Capital purchased a new stake in Aon plc (NYSE:AON) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,294 shares of the financial services provider’s stock, valued at approximately $462,000.

Other hedge funds have also recently bought and sold shares of the company. Saudi Central Bank acquired a new stake in shares of AON in the 1st quarter valued at $31,000. Atlantic Union Bankshares Corp bought a new position in AON during the 2nd quarter valued at about $31,000. Trust Co. of Toledo NA OH acquired a new position in AON in the second quarter valued at about $32,000. Pinnacle Bancorp Inc. grew its stake in AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after buying an additional 33 shares during the last quarter. Finally, Accent Capital Management LLC acquired a new stake in shares of AON during the first quarter worth approximately $40,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on AON. Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $385.00 to $430.00 in a report on Thursday, September 11th. Evercore ISI lifted their price objective on AON from $427.00 to $435.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Keefe, Bruyette & Woods reduced their price objective on AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 4th. JPMorgan Chase & Co. decreased their target price on AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Finally, Wells Fargo & Company cut their price target on AON from $451.00 to $448.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $416.56.

AON Stock Down 0.7%

NYSE AON opened at $351.37 on Tuesday. The stock has a market capitalization of $75.52 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. 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. The stock has a fifty day moving average of $349.16 and a 200-day moving average of $357.13.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.14. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.72 earnings per share. On average, equities research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a dividend of $0.745 per share. The ex-dividend date was Monday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. AON’s payout ratio is currently 23.88%.

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.