Silver Lake Advisory LLC Buys Shares of 3,623 Aon plc $AON

Silver Lake Advisory LLC acquired a new stake in Aon plc (NYSE:AON) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,623 shares of the financial services provider’s stock, valued at approximately $1,292,000.

Other institutional investors have also recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of AON by 0.9% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock worth $1,108,000 after purchasing an additional 28 shares during the period. Matrix Trust Co lifted its holdings in AON by 7.1% during the 3rd quarter. Matrix Trust Co now owns 422 shares of the financial services provider’s stock worth $150,000 after buying an additional 28 shares during the period. Sunflower Bank N.A. grew its position in shares of AON by 1.8% in the 2nd quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock valued at $598,000 after buying an additional 30 shares during the last quarter. MBL Wealth LLC increased its stake in shares of AON by 2.1% in the first quarter. MBL Wealth LLC now owns 1,503 shares of the financial services provider’s stock valued at $600,000 after buying an additional 31 shares during the period. Finally, Focus Financial Network Inc. lifted its stake in shares of AON by 5.7% in the second quarter. Focus Financial Network Inc. now owns 577 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 31 shares during the period. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of AON in a research report on Monday. Wolfe Research assumed coverage on shares of AON in a research note on Monday, September 15th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. decreased their price target on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Wells Fargo & Company cut their price target on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Finally, Citigroup upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $402.00 target price on the stock in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, AON presently has a consensus rating of “Moderate Buy” and a consensus price target of $413.18.

AON Trading Up 0.1%

AON opened at $355.90 on Wednesday. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The firm has a market capitalization of $76.49 billion, a PE ratio of 28.52, a P/E/G ratio of 2.03 and a beta of 0.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.35 and a quick ratio of 1.35. The company’s 50-day moving average is $346.01 and its 200 day moving average is $355.29.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. AON had a return on equity of 48.88% and a net margin of 15.96%.The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.72 earnings per share. As a group, research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, November 3rd. AON’s payout ratio is presently 23.88%.

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.