Vestor Capital LLC Has $6.47 Million Stock Position in Aon plc $AON

Vestor Capital LLC grew its stake in shares of Aon plc (NYSE:AON) by 931.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,146 shares of the financial services provider’s stock after purchasing an additional 16,387 shares during the quarter. Vestor Capital LLC’s holdings in AON were worth $6,474,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. grew its position in shares of AON by 28.3% in the 1st quarter. Wedbush Securities Inc. now owns 1,392 shares of the financial services provider’s stock valued at $556,000 after acquiring an additional 307 shares during the period. Journey Strategic Wealth LLC acquired a new stake in AON in the 1st quarter valued at about $249,000. Avantax Advisory Services Inc. increased its position in AON by 6.4% during the first quarter. Avantax Advisory Services Inc. now owns 5,253 shares of the financial services provider’s stock worth $2,096,000 after buying an additional 318 shares during the last quarter. Assetmark Inc. lifted its position in shares of AON by 7.7% in the first quarter. Assetmark Inc. now owns 9,634 shares of the financial services provider’s stock valued at $3,845,000 after buying an additional 692 shares during the last quarter. Finally, Applied Finance Capital Management LLC raised its position in shares of AON by 2.8% in the first quarter. Applied Finance Capital Management LLC now owns 5,094 shares of the financial services provider’s stock valued at $2,033,000 after purchasing an additional 139 shares during the period. 86.14% of the stock is owned by institutional investors.

AON Price Performance

AON stock opened at $346.58 on Friday. The company has a 50 day simple moving average of $349.72 and a 200 day simple moving average of $357.32. The stock has a market cap of $74.49 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 1.92 and a beta of 0.86. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52.

AON (NYSE:AON) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. The company had revenue of $4 billion during 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%.AON’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.72 EPS. Research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors 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 yield of 0.9%. AON’s dividend payout ratio (DPR) is currently 23.88%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Evercore ISI boosted their price target on AON from $427.00 to $435.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Keefe, Bruyette & Woods decreased their target price on shares of AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 4th. Piper Sandler lifted their price target on shares of AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. TD Cowen reduced their price target on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Finally, UBS Group reduced their price objective 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. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $416.56.

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.