Future Fund LLC Invests $725,000 in Aon plc $AON

Future Fund LLC acquired a new stake in shares of Aon plc (NYSE:AON) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,032 shares of the financial services provider’s stock, valued at approximately $725,000.

A number of other institutional investors also recently modified their holdings of the stock. Saudi Central Bank acquired a new position in shares of AON in the first quarter worth $31,000. Atlantic Union Bankshares Corp purchased a new position in AON in the second quarter valued at about $31,000. Pinnacle Bancorp Inc. increased its position in AON by 56.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 33 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new stake in shares of AON during the 2nd quarter worth about $32,000. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 1.8%

AON stock opened at $346.10 on Monday. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market capitalization of $74.39 billion, a PE ratio of 28.99, a PEG ratio of 1.92 and a beta of 0.86. The business’s 50-day simple moving average is $354.08 and its 200-day simple moving average is $357.66.

AON (NYSE:AON) last released its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.72 EPS. Equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, November 3rd. AON’s dividend payout ratio is presently 23.88%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AON shares. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $385.00 to $430.00 in a research report on Thursday, September 11th. Wells Fargo & Company cut their price target on shares of AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Piper Sandler upped their price objective on shares of AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and raised their target price for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. Finally, Wolfe Research initiated coverage on AON in a research note on Monday, September 15th. They set a “peer perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, AON has a consensus rating of “Moderate Buy” and an average price target of $421.07.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.