GHP Investment Advisors Inc. Acquires 160 Shares of Aon plc $AON

GHP Investment Advisors Inc. boosted its position in Aon plc (NYSE:AON) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,475 shares of the financial services provider’s stock after purchasing an additional 160 shares during the period. GHP Investment Advisors Inc.’s holdings in AON were worth $9,445,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Simon Quick Advisors LLC boosted its position in AON by 17.2% in the second quarter. Simon Quick Advisors LLC now owns 1,670 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 245 shares during the last quarter. Strs Ohio boosted its position in AON by 11.5% in the second quarter. Strs Ohio now owns 71,239 shares of the financial services provider’s stock worth $25,415,000 after purchasing an additional 7,320 shares during the last quarter. Amalgamated Bank boosted its position in AON by 10.8% in the second quarter. Amalgamated Bank now owns 47,798 shares of the financial services provider’s stock worth $17,052,000 after purchasing an additional 4,643 shares during the last quarter. Atria Investments Inc boosted its position in AON by 23.1% in the second quarter. Atria Investments Inc now owns 17,369 shares of the financial services provider’s stock worth $6,197,000 after purchasing an additional 3,260 shares during the last quarter. Finally, Savvy Advisors Inc. purchased a new position in AON in the second quarter worth about $241,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wolfe Research initiated coverage on AON in a research report on Monday, September 15th. They issued a “peer perform” rating on the stock. Cantor Fitzgerald raised AON to a “strong-buy” rating in a research report on Wednesday, August 13th. Jefferies Financial Group raised AON from a “hold” rating to a “buy” rating and lifted their price objective for the company from $400.00 to $426.00 in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lowered their price objective on AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Finally, Piper Sandler lifted their price objective on AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $420.00.

AON Stock Up 3.8%

Shares of AON opened at $340.75 on Friday. The business’s 50 day moving average is $356.70 and its 200 day moving average is $358.58. The company has a market capitalization of $73.48 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 1.92 and a beta of 0.89. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93.

AON (NYSE:AON) last issued its 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 company had revenue of $4 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned $2.72 EPS. Research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 3rd. AON’s dividend payout ratio (DPR) is 24.96%.

About AON

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.