waypoint wealth counsel Has $321,000 Holdings in Aon plc (NYSE:AON)

waypoint wealth counsel lifted its position in Aon plc (NYSE:AON) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 927 shares of the financial services provider’s stock after buying an additional 32 shares during the quarter. waypoint wealth counsel’s holdings in AON were worth $321,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new stake in shares of AON during the 2nd quarter worth about $31,000. Rise Advisors LLC bought a new stake in AON during the first quarter worth approximately $37,000. Nemes Rush Group LLC acquired a new position in AON during the second quarter valued at approximately $45,000. Bruce G. Allen Investments LLC raised its position in shares of 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 period. Finally, LRI Investments LLC acquired a new stake in shares of AON in the first quarter worth $55,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AON. Piper Sandler lifted their target price on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Wells Fargo & Company lifted their price objective on AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and increased their target price for the company from $313.00 to $380.00 in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their price target on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. increased their price objective on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Two 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $337.27.

AON Price Performance

Shares of AON stock traded up $0.57 during mid-day trading on Friday, reaching $348.07. The company’s stock had a trading volume of 568,002 shares, compared to its average volume of 1,194,502. The firm’s 50-day moving average is $340.11 and its two-hundred day moving average is $313.39. The company has a market cap of $75.68 billion, a P/E ratio of 27.28, a PEG ratio of 2.25 and a beta of 0.92. Aon plc has a 1-year low of $268.06 and a 1-year high of $353.54. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42.

AON (NYSE:AON) last posted its quarterly earnings results 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 business 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 business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the company earned $2.76 EPS. On average, research analysts predict that Aon plc will post 15.22 earnings per share for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.78%. The ex-dividend date was Thursday, August 1st. AON’s dividend payout ratio is 21.16%.

AON Profile

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.