Diversified Trust Co Boosts Stock Position in Aon plc $AON

Diversified Trust Co grew its holdings in shares of Aon plc (NYSE:AON) by 69.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,686 shares of the financial services provider’s stock after purchasing an additional 5,200 shares during the quarter. Diversified Trust Co’s holdings in AON were worth $4,524,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC bought a new position in shares of AON during the 3rd quarter valued at approximately $29,000. Saudi Central Bank purchased a new position in AON in the first quarter valued at approximately $31,000. Atlantic Union Bankshares Corp bought a new position in AON during the second quarter valued at $31,000. Pinnacle Bancorp Inc. increased its position in AON by 56.9% in 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, Trust Co. of Toledo NA OH bought a new stake in shares of AON in the second quarter valued at $32,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the subject of several recent research reports. TD Cowen decreased their price objective on AON from $419.00 to $416.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Evercore ISI lifted their target price on shares of AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. UBS Group dropped their price target on shares of AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Roth Capital reiterated a “buy” rating and issued a $390.00 price objective on shares of AON in a research note on Tuesday, November 4th. Finally, Morgan Stanley set a $400.00 price objective on AON in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, AON has an average rating of “Moderate Buy” and a consensus price target of $413.18.

AON Stock Performance

NYSE AON opened at $356.65 on Tuesday. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The company has a fifty day moving average of $346.74 and a 200-day moving average of $355.40. The company has a market capitalization of $76.65 billion, a P/E ratio of 28.58, a P/E/G ratio of 2.04 and a beta of 0.84. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. AON had a return on equity of 48.88% and a net margin of 15.96%.The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.72 EPS. As a group, equities research analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

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

About AON

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.