Aon plc $AON Stock Purchased by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC lifted its holdings in Aon plc (NYSE:AON) by 3,069.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,754 shares of the financial services provider’s stock after acquiring an additional 4,604 shares during the period. Provenance Wealth Advisors LLC’s holdings in AON were worth $1,316,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Diversify Advisory Services LLC grew its stake in shares of AON by 5,225.7% in the third quarter. Diversify Advisory Services LLC now owns 194,070 shares of the financial services provider’s stock valued at $53,713,000 after buying an additional 190,426 shares in the last quarter. NBT Bank N.A. acquired a new position in AON during the 3rd quarter worth approximately $10,117,000. Farmers & Merchants Investments Inc. boosted its holdings in AON by 76,726.4% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 113,703 shares of the financial services provider’s stock worth $31,470,000 after acquiring an additional 113,555 shares during the period. Salem Investment Counselors Inc. grew its position in AON by 638.1% in the third quarter. Salem Investment Counselors Inc. now owns 5,639 shares of the financial services provider’s stock valued at $1,561,000 after acquiring an additional 4,875 shares in the last quarter. Finally, CYBER HORNET ETFs LLC raised its stake in shares of AON by 4,903.4% during the second quarter. CYBER HORNET ETFs LLC now owns 29,470 shares of the financial services provider’s stock valued at $9,775,000 after purchasing an additional 28,881 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AON. Wells Fargo & Company upped their target price on shares of AON from $323.00 to $364.00 and gave the company an “overweight” rating in a research note on Monday. Piper Sandler cut their price objective on shares of AON from $391.00 to $349.00 and set a “neutral” rating on the stock in a report on Tuesday, September 1st. Evercore decreased their price objective on shares of AON from $423.00 to $375.00 in a research report on Thursday, October 8th. Cantor Fitzgerald lifted their target price on AON from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Morgan Stanley cut their price target on AON from $410.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 6th. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $369.12.

Key Stories Impacting AON

Here are the key news stories impacting AON this week:

• Positive Sentiment: BMO Capital Markets upgraded AON from “market perform” to “outperform” and raised its price target to $380 from $319, signaling improved confidence in the shares. BMO Capital Markets stock recommendations
• Positive Sentiment: Aon and Munich Re launched a parametric pandemic-risk solution for Indonesia and the Philippines, extending Aon’s risk-transfer offerings in the region. Aon and Munich Re launch parametric pandemic solution
• Positive Sentiment: Aon leaders pointed to APAC insurance growth, rising demand for facultative reinsurance, and opportunities tied to emerging risks and protection gaps—potential avenues for future business. Aon’s Valera: APAC insurance growth Facultative demand rises across Asia
• Neutral Sentiment: Raymond James raised its rating from “underperform” to “market perform,” a less bearish stance but not an outright bullish recommendation. Raymond James upgrades Aon
• Negative Sentiment: UBS lowered its price target to $356 from $387 and maintained a “neutral” rating, indicating a more cautious view of AON’s valuation. UBS Group stock recommendations
• Negative Sentiment: Aon leaders noted that APAC markets are softening, which could weigh on near-term growth even as the company pursues profitable opportunities. Aon leaders outline path to profitable growth

AON Price Performance

AON opened at $329.88 on Wednesday. The firm has a market cap of $69.99 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.75 and a beta of 0.63. Aon plc has a fifty-two week low of $266.33 and a fifty-two week high of $382.34. The company’s 50-day moving average price is $301.16 and its 200 day moving average price is $325.95. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last announced its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.06. AON had a net margin of 22.24% and a return on equity of 40.46%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the company posted $3.05 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, sell-side analysts expect that Aon plc will post 18.55 earnings per share for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Monday, November 2nd will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 2nd. AON’s dividend payout ratio (DPR) is 17.96%.

Insider Activity

In related news, Director Lester Knight purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was acquired at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the completion of the acquisition, the director owned 163,000 shares in the company, valued at $53,379,240. This trade represents a 13.99% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

AON Company 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.