Sequoia Financial Advisors LLC Increases Stock Position in Aon plc (NYSE:AON)

Sequoia Financial Advisors LLC lifted its holdings in shares of Aon plc (NYSE:AON - Free Report) by 66.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,721 shares of the financial services provider's stock after purchasing an additional 5,101 shares during the period. Sequoia Financial Advisors LLC's holdings in AON were worth $4,401,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new position in shares of AON during the 2nd quarter valued at approximately $31,000. Nemes Rush Group LLC bought a new stake in shares of AON in the second quarter valued at $45,000. Bruce G. Allen Investments LLC lifted its position in shares of AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider's stock valued at $49,000 after buying an additional 58 shares during the last quarter. LRI Investments LLC bought a new position in shares of AON during the 1st quarter worth $55,000. Finally, New Covenant Trust Company N.A. purchased a new stake in AON in the 1st quarter worth about $59,000. Institutional investors own 86.14% of the company's stock.

AON Price Performance

Shares of AON stock opened at $356.28 on Wednesday. The firm has a market capitalization of $77.40 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. Aon plc has a 12 month low of $268.06 and a 12 month high of $363.46. The business's 50-day moving average price is $347.08 and its 200-day moving average price is $315.71.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing analysts' consensus estimates of $3.08 by ($0.15). The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The company's revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.76 earnings per share. Sell-side analysts forecast that Aon plc will post 15.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Friday, November 1st. AON's dividend payout ratio (DPR) is presently 21.58%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AON. Barclays initiated coverage on shares of AON in a research report on Wednesday, September 4th. They set an "overweight" rating and a $394.00 target price for the company. Piper Sandler lifted their price objective on shares of AON from $312.00 to $335.00 and gave the company a "neutral" rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased their target price on AON from $311.00 to $353.00 and gave the stock a "hold" rating in a research report on Monday, August 26th. Keefe, Bruyette & Woods upgraded AON from an "underperform" rating to an "outperform" rating and boosted their price objective for the company from $313.00 to $380.00 in a research note on Tuesday, July 30th. Finally, Evercore ISI increased their price objective on AON from $338.00 to $384.00 and gave the stock an "in-line" rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $347.06.

About AON

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.