Kestra Private Wealth Services LLC Purchases 1,548 Shares of Aon plc $AON

Kestra Private Wealth Services LLC boosted its holdings in shares of Aon plc (NYSE:AON) by 125.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,781 shares of the financial services provider’s stock after buying an additional 1,548 shares during the period. Kestra Private Wealth Services LLC’s holdings in AON were worth $898,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of AON during the 4th quarter valued at about $4,305,000. SG Americas Securities LLC grew its position in AON by 1,640.4% during the fourth quarter. SG Americas Securities LLC now owns 143,163 shares of the financial services provider’s stock valued at $50,519,000 after acquiring an additional 134,937 shares during the last quarter. Bowie Capital Management LLC raised its stake in shares of AON by 31.0% during the third quarter. Bowie Capital Management LLC now owns 356,887 shares of the financial services provider’s stock worth $127,259,000 after acquiring an additional 84,446 shares in the last quarter. Aviva PLC lifted its holdings in shares of AON by 2.0% in the 4th quarter. Aviva PLC now owns 333,454 shares of the financial services provider’s stock worth $117,669,000 after acquiring an additional 6,622 shares during the last quarter. Finally, TABR Capital Management LLC purchased a new stake in shares of AON in the 4th quarter valued at $1,278,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Citigroup raised their price objective on AON from $412.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Barclays lowered their price objective on AON from $381.00 to $372.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Mizuho cut their target price on shares of AON from $394.00 to $389.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Piper Sandler lowered their price target on shares of AON from $360.00 to $355.00 and set an “overweight” rating for the company in a report on Monday, June 15th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of AON from $416.00 to $401.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $394.94.

AON Trading Up 3.5%

NYSE AON opened at $343.34 on Thursday. The stock has a market cap of $73.33 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.74 and a beta of 0.71. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $381.00. The stock has a 50 day simple moving average of $322.59 and a two-hundred day simple moving average of $330.57. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95.

AON (NYSE:AON) last announced its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. The company had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $5.67 earnings per share. On average, analysts forecast that Aon plc will post 19.09 earnings per share for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a $0.82 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. This is a positive change from AON’s previous quarterly dividend of $0.74. AON’s dividend payout ratio is 18.00%.

AON Company 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.