GM Advisory Group LLC Purchases Shares of 104,135 Aon plc (NYSE:AON)

GM Advisory Group LLC bought a new stake in Aon plc (NYSE:AON) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 104,135 shares of the financial services provider’s stock, valued at approximately $30,572,000. AON comprises 2.0% of GM Advisory Group LLC’s portfolio, making the stock its 16th biggest position.

Several other large investors have also recently bought and sold shares of the stock. Proficio Capital Partners LLC increased its position in AON by 3.9% during the first quarter. Proficio Capital Partners LLC now owns 1,016 shares of the financial services provider’s stock worth $339,000 after buying an additional 38 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of AON by 5.5% in the first quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 38 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of AON by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 1,724 shares of the financial services provider’s stock worth $502,000 after buying an additional 39 shares during the period. Essex Financial Services Inc. lifted its position in AON by 4.0% during the second quarter. Essex Financial Services Inc. now owns 1,036 shares of the financial services provider’s stock worth $304,000 after acquiring an additional 40 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of AON by 11.1% in the first quarter. GAMMA Investing LLC now owns 410 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 41 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AON has been the subject of several recent research reports. Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and boosted their price target for the company from $313.00 to $380.00 in a research note on Tuesday, July 30th. 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 report on Monday, August 26th. Piper Sandler raised their price target on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price objective on shares of AON in a report on Monday, August 5th. Finally, Barclays assumed coverage on shares of AON in a report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, AON currently has an average rating of “Hold” and a consensus target price of $337.27.

AON Trading Down 0.7 %

AON opened at $346.97 on Friday. The company’s 50 day moving average is $329.77 and its 200-day moving average is $311.20. The company has a market cap of $75.38 billion, a P/E ratio of 27.19, a PEG ratio of 2.26 and a beta of 0.92. Aon plc has a 1-year low of $268.06 and a 1-year high of $353.54. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92.

AON (NYSE:AON) last posted its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a return on equity of 252.81% and a net margin of 18.00%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the previous year, the firm posted $2.76 EPS. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. Equities research analysts predict that Aon plc will post 15.23 earnings per share for the current fiscal year.

AON Announces Dividend

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

About AON

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.