West Family Investments Inc. Boosts Position in Aon plc $AON

West Family Investments Inc. grew its stake in shares of Aon plc (NYSE:AON) by 28.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,878 shares of the financial services provider’s stock after purchasing an additional 412 shares during the quarter. West Family Investments Inc.’s holdings in AON were worth $670,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of AON. Saudi Central Bank acquired a new position in AON in the first quarter valued at $31,000. Atlantic Union Bankshares Corp acquired a new stake in shares of AON in the 2nd quarter valued at about $31,000. Trust Co. of Toledo NA OH purchased a new position in AON during the 2nd quarter worth approximately $32,000. Pinnacle Bancorp Inc. increased its position in AON by 56.9% during 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 period. Finally, Accent Capital Management LLC purchased a new stake in AON in the first quarter valued at approximately $40,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Citigroup upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $402.00 price objective on the stock in a research note on Monday, November 3rd. Cantor Fitzgerald upgraded AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Morgan Stanley raised 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. Weiss Ratings raised shares of AON from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, Wolfe Research assumed coverage on shares of AON in a report on Monday, September 15th. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, AON currently has an average rating of “Moderate Buy” and an average price target of $416.56.

AON Price Performance

Shares of NYSE AON opened at $354.14 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock has a market cap of $76.12 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 1.92 and a beta of 0.86. The company’s 50-day moving average price is $349.21 and its 200 day moving average price is $357.15. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm posted $2.72 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were paid a $0.745 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.98 annualized dividend and a yield of 0.8%. AON’s payout ratio is presently 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.