Twin City Private Wealth LLC Invests $678,000 in Aon plc $AON

Twin City Private Wealth LLC bought a new stake in Aon plc (NYSE:AON) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,100 shares of the financial services provider’s stock, valued at approximately $678,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of AON by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 20,171,049 shares of the financial services provider’s stock valued at $7,117,960,000 after buying an additional 191,658 shares in the last quarter. Capital World Investors grew its position in AON by 1.5% in the fourth quarter. Capital World Investors now owns 12,252,904 shares of the financial services provider’s stock worth $4,323,850,000 after acquiring an additional 176,207 shares in the last quarter. State Street Corp raised its position in AON by 1.2% during the third quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock valued at $3,291,048,000 after purchasing an additional 105,154 shares during the period. Dodge & Cox raised its position in AON by 126.6% during the fourth quarter. Dodge & Cox now owns 7,852,456 shares of the financial services provider’s stock valued at $2,770,975,000 after purchasing an additional 4,387,773 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of AON by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 5,141,363 shares of the financial services provider’s stock worth $1,810,726,000 after purchasing an additional 28,066 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Up 3.5%

Shares of NYSE AON opened at $343.34 on Thursday. Aon plc has a 12-month low of $304.59 and a 12-month high of $381.00. The stock’s fifty day simple moving average is $322.59 and its two-hundred day simple moving average is $330.57. The stock has a market capitalization of $73.33 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.74 and a beta of 0.71. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36.

AON (NYSE:AON) last released its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, topping the consensus estimate of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The firm had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same period in the previous year, the company posted $5.67 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, analysts expect that Aon plc will post 19.09 EPS for the current fiscal year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.74. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. AON’s payout ratio is currently 18.00%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AON. UBS Group decreased their price target on AON from $385.00 to $360.00 and set a “neutral” rating on the stock in a report on Tuesday, June 16th. Piper Sandler cut their price objective on shares of AON from $360.00 to $355.00 and set an “overweight” rating on the stock in a research report on Monday, June 15th. Wells Fargo & Company reduced their target price on shares of AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Citigroup lifted their price target on shares of AON from $412.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, Morgan Stanley reduced their price objective on shares of AON from $380.00 to $370.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, AON currently has an average rating of “Moderate Buy” and a consensus price target of $394.94.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.