Foundation Wealth Management LLC Acquires Shares of 2,639 Aon plc $AON

Foundation Wealth Management LLC bought a new position in shares of Aon plc (NYSE:AONFree Report) in the third quarter, Holdings Channel.com reports. The firm bought 2,639 shares of the financial services provider’s stock, valued at approximately $941,000. AON accounts for 0.6% of Foundation Wealth Management LLC’s holdings, making the stock its 23rd largest holding.

Other institutional investors also recently modified their holdings of the company. Heartwood Wealth Advisors LLC bought a new position in AON in the 3rd quarter worth approximately $29,000. Salomon & Ludwin LLC bought a new stake in AON during the 3rd quarter valued at $31,000. Atlantic Union Bankshares Corp purchased a new stake in shares of AON during the second quarter worth $31,000. Trust Co. of Toledo NA OH bought a new position in shares of AON in the second quarter worth $32,000. Finally, Pinnacle Bancorp Inc. grew its position in shares of AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 33 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Up 0.3%

AON stock opened at $345.60 on Thursday. The company’s 50 day moving average is $349.73 and its 200 day moving average is $355.08. The stock has a market cap of $74.28 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 1.75 and a beta of 0.84. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.86. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97.

AON (NYSE:AONGet Free Report) last released its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. AON had a net margin of 15.96% and a return on equity of 48.88%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.72 EPS. Sell-side analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Monday, February 2nd will be paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, February 2nd. AON’s dividend payout ratio is currently 23.88%.

Wall Street Analyst Weigh In

AON has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their target price on AON from $410.00 to $416.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Mizuho set a $387.00 price target on shares of AON in a report on Wednesday. Morgan Stanley set a $400.00 price objective on shares of AON in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of AON in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. cut their price target on shares of AON from $433.00 to $406.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Twelve analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, AON presently has an average rating of “Moderate Buy” and an average price target of $408.47.

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Key AON News

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AON Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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