Aon plc $AON Shares Bought by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC grew its holdings in shares of Aon plc (NYSE:AON) by 231.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,841 shares of the financial services provider’s stock after purchasing an additional 2,682 shares during the quarter. Revolve Wealth Partners LLC’s holdings in AON were worth $1,063,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AON. SJS Investment Consulting Inc. grew its position in shares of AON by 258.3% in the first quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 93 shares during the period. Downshift Financial LLC lifted its position in AON by 15,700.0% during the third quarter. Downshift Financial LLC now owns 158 shares of the financial services provider’s stock worth $44,000 after buying an additional 157 shares during the period. Ashurst Perkins Coie Trust Co purchased a new position in AON during the third quarter worth about $60,000. Cassaday & Co Wealth Management LLC acquired a new stake in AON in the 1st quarter worth about $61,000. Finally, Maryland Capital Advisors Inc. boosted its stake in AON by 23,400.0% in the 3rd quarter. Maryland Capital Advisors Inc. now owns 235 shares of the financial services provider’s stock worth $65,000 after buying an additional 234 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. JPMorgan Chase & Co. lowered their price target on AON from $412.00 to $362.00 and set an “overweight” rating for the company in a report on Thursday, October 1st. Jefferies Financial Group decreased their target price on shares of AON from $387.00 to $383.00 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. Wolfe Research downgraded shares of AON from a “hold” rating to a “strong sell” rating in a report on Friday, September 11th. Wells Fargo & Company dropped their price target on shares of AON from $383.00 to $323.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Finally, Wall Street Zen lowered shares of AON from a “hold” rating to a “sell” rating in a research report on Sunday, September 6th. Twelve investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $367.59.

AON Trading Down 0.0%

Shares of AON opened at $303.47 on Monday. Aon plc has a twelve month low of $266.33 and a twelve month high of $382.34. The firm has a market capitalization of $64.37 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 1.59 and a beta of 0.70. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.34. The stock’s fifty day simple moving average is $305.15 and its 200 day simple moving average is $325.23.

AON (NYSE:AON) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.80 by $0.01. AON had a return on equity of 42.13% and a net margin of 22.27%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the previous year, the business earned $3.49 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts forecast that Aon plc will post 18.73 earnings per share for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Monday, November 2nd will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, November 2nd. AON’s dividend payout ratio (DPR) is 18.08%.

Insider Transactions at AON

In other news, General Counsel Darren Zeidel sold 1,900 shares of AON stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $377.76, for a total value of $717,744.00. Following the transaction, the general counsel directly owned 11,504 shares of the company’s stock, valued at $4,345,751.04. The trade was a 14.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lester Knight bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were purchased at an average price of $327.48 per share, with a total value of $6,549,600.00. Following the acquisition, the director directly owned 163,000 shares in the company, valued at approximately $53,379,240. This trade represents a 13.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.00% of the company’s stock.

AON Profile

Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.

The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.

Aon’s human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.