675 Shares in Aon plc (NYSE:AON) Purchased by Dover Advisors LLC

Dover Advisors LLC bought a new position in Aon plc (NYSE:AON) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 675 shares of the financial services provider’s stock, valued at approximately $234,000.

Other institutional investors have also made changes to their positions in the company. Radnor Capital Management LLC boosted its position in AON by 203.6% during the 1st quarter. Radnor Capital Management LLC now owns 6,290 shares of the financial services provider’s stock worth $2,099,000 after acquiring an additional 4,218 shares during the period. Y.D. More Investments Ltd bought a new stake in AON in the second quarter worth approximately $31,000. Norden Group LLC bought a new position in shares of AON during the 1st quarter valued at $2,044,000. Daiwa Securities Group Inc. lifted its stake in shares of AON by 14.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider’s stock valued at $7,056,000 after purchasing an additional 2,624 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in AON in the fourth quarter worth $1,177,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on AON. Jefferies Financial Group upped their price target on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Piper Sandler lifted their price target on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 price objective on shares of AON in a report on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Barclays began coverage on AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, AON has a consensus rating of “Hold” and a consensus price target of $347.06.

AON Price Performance

AON stock traded down $0.70 during midday trading on Tuesday, reaching $357.88. 1,175,786 shares of the company’s stock traded hands, compared to its average volume of 1,185,848. Aon plc has a 1-year low of $268.06 and a 1-year high of $363.11. The company has a market cap of $77.75 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 2.28 and a beta of 0.92. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. The company has a 50-day simple moving average of $343.39 and a two-hundred day simple moving average of $314.33.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($0.15). The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.76 EPS. On average, analysts anticipate that Aon plc will post 15.22 earnings per share for the current year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.675 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.75%. AON’s payout ratio is presently 21.58%.

AON Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.