Van Hulzen Asset Management LLC Boosts Stock Position in Aon plc (NYSE:AON)

Van Hulzen Asset Management LLC raised its stake in Aon plc (NYSE:AON) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,581 shares of the financial services provider’s stock after purchasing an additional 1,701 shares during the period. Van Hulzen Asset Management LLC’s holdings in AON were worth $13,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of AON. Frazier Financial Advisors LLC purchased a new stake in shares of AON during the fourth quarter worth about $31,000. Rise Advisors LLC purchased a new position in shares of AON during the first quarter worth $37,000. First United Bank & Trust acquired a new position in AON during the fourth quarter valued at $44,000. Bruce G. Allen Investments LLC boosted its holdings in AON by 52.7% in the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 58 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in AON during the 1st quarter worth about $55,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Trading Up 0.7 %

AON stock opened at $350.48 on Tuesday. 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 plc has a 12-month low of $268.06 and a 12-month high of $351.02. The stock has a market cap of $76.14 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 2.24 and a beta of 0.92. The business’s 50-day moving average is $321.29 and its 200 day moving average is $309.28.

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

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s payout ratio is 21.16%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Piper Sandler lifted their price objective on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Bank of America lowered AON from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $345.00 to $306.00 in a research note on Wednesday, May 22nd. Barclays assumed coverage on AON in a research note on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective for the company. Morgan Stanley reduced their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Two equities 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 presently has a consensus rating of “Hold” and a consensus target price of $337.27.

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.