Financial Gravity Companies Inc. Makes New Investment in Aon plc $AON

Financial Gravity Companies Inc. bought 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 firm bought 501 shares of the financial services provider’s stock, valued at approximately $179,000.

Several other large investors have also bought and sold shares of AON. Vanguard Group Inc. grew its holdings in AON by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider’s stock worth $7,893,382,000 after acquiring an additional 258,699 shares during the period. Geode Capital Management LLC grew its stake in shares of AON by 3.2% during the second quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock worth $1,987,961,000 after purchasing an additional 173,722 shares during the period. Bank of New York Mellon Corp increased its holdings in AON by 15.6% in the second quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock valued at $1,251,391,000 after purchasing an additional 473,594 shares during the last quarter. Polen Capital Management LLC lifted its stake in AON by 318.1% in the first quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock valued at $1,200,350,000 after buying an additional 2,288,397 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of AON by 13.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,706,904 shares of the financial services provider’s stock worth $965,715,000 after buying an additional 316,333 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AON. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Barclays reissued an “overweight” rating and set a $420.00 price target (up from $401.00) on shares of AON in a research report on Thursday, July 31st. Citigroup upgraded 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of AON in a report on Thursday. Finally, Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $385.00 to $430.00 in a report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $419.13.

AON Stock Performance

Shares of AON stock opened at $349.98 on Friday. The firm has a market cap of $75.22 billion, a PE ratio of 29.31, a P/E/G ratio of 1.92 and a beta of 0.86. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The company’s fifty day simple moving average is $351.87 and its 200-day simple moving average is $357.62. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93.

AON (NYSE:AON) last issued its quarterly earnings results on Thursday, October 30th. 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 analyst estimates of $3.97 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.72 EPS. Equities research analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, November 3rd. AON’s dividend payout ratio (DPR) 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.