Cerity Partners LLC Boosts Stock Position in Aon plc $AON

Cerity Partners LLC boosted its position in shares of Aon plc (NYSE:AON) by 7.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,399 shares of the financial services provider’s stock after acquiring an additional 2,796 shares during the quarter. Cerity Partners LLC’s holdings in AON were worth $14,405,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Heartwood Wealth Advisors LLC acquired a new position in shares of AON in the third quarter valued at approximately $29,000. Salomon & Ludwin LLC purchased a new position in AON in the 3rd quarter valued at approximately $31,000. Atlantic Union Bankshares Corp acquired a new position in shares of AON in the second quarter worth $31,000. Trust Co. of Toledo NA OH purchased a new stake in shares of AON during the second quarter worth $32,000. Finally, Pinnacle Bancorp Inc. raised its stake in shares of AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 33 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Price Performance

Shares of NYSE:AON opened at $350.95 on Friday. Aon plc has a one year low of $323.73 and a one year high of $412.97. The stock has a market capitalization of $75.43 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 1.78 and a beta of 0.84. The company has a 50-day simple moving average of $349.43 and a 200-day simple moving average of $355.23. 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 issued 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 firm had revenue of $4 billion for 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 firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.72 EPS. On average, analysts predict that Aon plc will post 17.21 EPS for the current year.

Wall Street Analysts Forecast Growth

AON has been the topic of several recent research reports. Wells Fargo & Company cut their price target on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Morgan Stanley set a $400.00 price objective on AON in a research report on Tuesday, December 16th. UBS Group reduced their target price on shares of AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Citigroup raised shares of AON from a “neutral” rating to a “buy” rating and set a $402.00 price objective for the company in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. dropped their target price on AON from $433.00 to $406.00 and set an “overweight” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $411.35.

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.