Rockland Trust Co. Purchases New Shares in Aon plc (NYSE:AON)

Rockland Trust Co. acquired a new stake in Aon plc (NYSE:AON) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 602 shares of the financial services provider’s stock, valued at approximately $208,000.

Other hedge funds have also recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new stake in shares of AON during the 2nd quarter valued at $31,000. Rise Advisors LLC bought a new stake in AON in the first quarter worth about $37,000. Nemes Rush Group LLC purchased a new position in AON in the second quarter valued at about $45,000. Bruce G. Allen Investments LLC grew its position in shares of AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 58 shares during the period. Finally, LRI Investments LLC purchased a new stake in shares of AON during the 1st quarter worth approximately $55,000. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on AON shares. Piper Sandler boosted their target price on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Morgan Stanley cut their target price 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price target on shares of AON in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, Wells Fargo & Company increased their target price on AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $337.27.

AON Price Performance

NYSE:AON traded up $0.57 during mid-day trading on Friday, reaching $348.07. The stock had a trading volume of 568,002 shares, compared to its average volume of 1,194,502. Aon plc has a one year low of $268.06 and a one year high of $353.54. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42. The firm has a 50 day moving average price of $340.11 and a two-hundred day moving average price of $313.46. The stock has a market capitalization of $75.68 billion, a P/E ratio of 27.28, a P/E/G ratio of 2.25 and a beta of 0.92.

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

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $2.70 annualized dividend and a yield of 0.78%. AON’s payout ratio is 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.