Larson Financial Group LLC Raises Stock Position in Aon plc (NYSE:AON)

Larson Financial Group LLC lifted its position in Aon plc (NYSE:AON) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,710 shares of the financial services provider’s stock after buying an additional 311 shares during the period. Larson Financial Group LLC’s holdings in AON were worth $1,976,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new stake in AON during the 2nd quarter worth approximately $31,000. First Personal Financial Services purchased a new stake in AON during the 3rd quarter worth approximately $37,000. Eastern Bank purchased a new stake in AON during the 3rd quarter worth approximately $43,000. Nemes Rush Group LLC acquired a new stake in AON during the 2nd quarter valued at approximately $45,000. Finally, LRI Investments LLC acquired a new stake in AON during the 1st quarter valued at approximately $55,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AON. BMO Capital Markets lifted their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Piper Sandler boosted their target price on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Finally, TD Cowen upped their price objective on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $362.06.

AON Stock Up 0.9 %

Shares of AON opened at $386.21 on Monday. The company’s 50-day simple moving average is $362.45 and its 200-day simple moving average is $327.94. The stock has a market capitalization of $83.53 billion, a PE ratio of 32.59, a P/E/G ratio of 2.42 and a beta of 0.91. Aon plc has a 1 year low of $268.06 and a 1 year high of $389.21. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.70%. AON’s dividend payout ratio is currently 22.78%.

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.