waypoint wealth counsel Increases Position in Aon plc (NYSE:AON)

waypoint wealth counsel boosted its holdings in Aon plc (NYSE:AON) by 3.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 927 shares of the financial services provider’s stock after purchasing an additional 32 shares during the period. waypoint wealth counsel’s holdings in AON were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of AON. Vanguard Group Inc. grew its position in shares of AON by 0.4% during the first quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after buying an additional 64,500 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in AON by 2.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after acquiring an additional 309,702 shares in the last quarter. Mawer Investment Management Ltd. increased its position in shares of AON by 1.2% in the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock worth $1,293,449,000 after purchasing an additional 52,099 shares during the last quarter. Sustainable Growth Advisers LP raised its stake in shares of AON by 4.7% in the 1st quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider’s stock valued at $936,151,000 after purchasing an additional 127,173 shares in the last quarter. Finally, Independent Franchise Partners LLP lifted its position in shares of AON by 2.1% during the second quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock worth $707,390,000 after purchasing an additional 49,161 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

Shares of NYSE AON traded up $0.57 during midday trading on Friday, hitting $348.07. 568,002 shares of the company’s stock were exchanged, compared to its average volume of 1,194,502. Aon plc has a twelve month low of $268.06 and a twelve month high of $353.54. The firm has a market cap of $75.68 billion, a P/E ratio of 27.28, a PEG ratio of 2.25 and a beta of 0.92. The stock’s 50 day moving average price is $340.11 and its 200-day moving average price is $313.39. 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 (NYSE:AON) last issued 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 business had revenue of $3.76 billion for the quarter, compared to analyst estimates 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 business posted $2.76 earnings per share. Equities research analysts anticipate that Aon plc will post 15.22 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.675 per share. The ex-dividend date was Thursday, August 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.78%. AON’s dividend payout ratio is 21.16%.

Analyst Upgrades and Downgrades

AON has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on AON from $287.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Barclays began coverage on AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target for the company. Morgan Stanley reduced their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. 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. Finally, Keefe, Bruyette & Woods upgraded shares of AON from an “underperform” rating to an “outperform” rating and raised their price target for the stock from $313.00 to $380.00 in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, AON has a consensus rating of “Hold” and an average target price of $337.27.

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.