Twelve Points Wealth Management LLC Raises Position in Aon plc (NYSE:AON)

Twelve Points Wealth Management LLC lifted its stake in shares of Aon plc (NYSE:AON) by 10.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,291 shares of the financial services provider’s stock after acquiring an additional 211 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in AON were worth $793,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AON. Radnor Capital Management LLC raised its position in AON by 203.6% in the 1st quarter. Radnor Capital Management LLC now owns 6,290 shares of the financial services provider’s stock valued at $2,099,000 after purchasing an additional 4,218 shares in the last quarter. Y.D. More Investments Ltd purchased a new stake in shares of AON during the 2nd quarter worth $31,000. Norden Group LLC purchased a new position in AON in the first quarter valued at $2,044,000. Daiwa Securities Group Inc. raised its stake in AON by 14.2% in the first quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider’s stock valued at $7,056,000 after buying an additional 2,624 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new position in shares of AON during the 4th quarter worth about $1,177,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Trading Up 0.2 %

Shares of AON stock opened at $358.48 on Thursday. The business has a 50 day moving average price of $344.73 and a 200 day moving average price of $314.81. The company has a market capitalization of $77.88 billion, a P/E ratio of 28.66, a P/E/G ratio of 2.32 and a beta of 0.92. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. Aon plc has a 1 year low of $268.06 and a 1 year high of $363.11.

AON (NYSE:AON) last issued 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). AON had a net margin of 18.00% and a return on equity of 252.81%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter in the prior year, the company earned $2.76 earnings per share. The firm’s revenue was up 18.4% compared to the same quarter last year. Sell-side analysts anticipate that Aon plc will post 15.22 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, November 1st. AON’s dividend payout ratio (DPR) is 21.58%.

Analyst Upgrades and Downgrades

AON has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Morgan Stanley reduced their price target on shares of AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Piper Sandler raised their price objective on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Wells Fargo & Company upped their target price on AON from $300.00 to $315.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group lifted their price target on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, AON currently has a consensus rating of “Hold” and a consensus target price of $347.06.

AON Company 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.