Blue Trust Inc. Purchases 942 Shares of Aon plc (NYSE:AON)

Blue Trust Inc. lifted its position in shares of Aon plc (NYSE:AON) by 172.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,488 shares of the financial services provider’s stock after acquiring an additional 942 shares during the quarter. Blue Trust Inc.’s holdings in AON were worth $437,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AON. Frazier Financial Advisors LLC bought a new position in shares of AON during the 4th quarter worth $31,000. Rise Advisors LLC bought a new position in shares of AON during the 1st quarter worth $37,000. First United Bank & Trust bought a new position in shares of AON during the 4th quarter worth $44,000. Bruce G. Allen Investments LLC boosted its stake in AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 58 shares during the period. Finally, LRI Investments LLC bought a new position in AON in the 1st quarter worth about $55,000. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AON. Piper Sandler raised their target price on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 target price on shares of AON in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $311.00 target price on shares of AON in a research note on Tuesday, May 28th. Wells Fargo & Company raised their target price on AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and raised their target price for the stock from $313.00 to $380.00 in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $330.21.

AON Price Performance

Shares of NYSE AON traded up $0.59 during trading hours on Friday, reaching $332.05. 620,604 shares of the stock traded hands, compared to its average volume of 1,285,403. The company has a market capitalization of $72.13 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 2.13 and a beta of 0.91. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. Aon plc has a 52-week low of $268.06 and a 52-week high of $344.68. The company’s 50-day simple moving average is $306.08 and its two-hundred day simple moving average is $305.28.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. AON’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the firm earned $2.76 earnings per share. Equities research analysts forecast that Aon plc will post 15.25 EPS for the current year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a $0.675 dividend. The ex-dividend date was Thursday, August 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.81%. AON’s dividend payout ratio is currently 21.16%.

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.