Trust Co. of Oklahoma Buys 36 Shares of Aon plc (NYSE:AON)

Trust Co. of Oklahoma grew its stake in shares of Aon plc (NYSE:AON) by 3.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,071 shares of the financial services provider’s stock after acquiring an additional 36 shares during the quarter. Trust Co. of Oklahoma’s holdings in AON were worth $371,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wesbanco Bank Inc. bought a new position in AON during the third quarter worth about $3,638,000. CX Institutional lifted its holdings in shares of AON by 0.5% during the 3rd quarter. CX Institutional now owns 10,426 shares of the financial services provider’s stock valued at $3,607,000 after purchasing an additional 49 shares in the last quarter. Sapient Capital LLC lifted its holdings in shares of AON by 367.7% during the 3rd quarter. Sapient Capital LLC now owns 3,428 shares of the financial services provider’s stock valued at $1,186,000 after purchasing an additional 2,695 shares in the last quarter. CVA Family Office LLC lifted its holdings in shares of AON by 8.4% during the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 29 shares in the last quarter. Finally, HCR Wealth Advisors bought a new position in shares of AON during the 3rd quarter valued at about $234,000. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on AON from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price objective on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Barclays assumed coverage on AON in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 target price on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 target price on shares of AON in a research report on Monday, August 5th. Finally, Piper Sandler lifted their target price on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $347.06.

AON Stock Performance

NYSE AON traded up $0.68 on Tuesday, reaching $359.26. The stock had a trading volume of 623,171 shares, compared to its average volume of 1,183,071. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. The firm has a fifty day moving average of $343.39 and a two-hundred day moving average of $314.33. Aon plc has a 1-year low of $268.06 and a 1-year high of $363.08. The company has a market cap of $78.05 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92.

AON (NYSE:AON) last issued its quarterly earnings data 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). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period in the prior year, the company earned $2.76 earnings per share. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, equities research analysts anticipate that Aon plc will post 15.22 EPS for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, November 1st. AON’s dividend payout ratio (DPR) is currently 21.58%.

AON 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.