GHP Investment Advisors Inc. Acquires 180 Shares of Aon plc (NYSE:AON)

GHP Investment Advisors Inc. boosted its holdings in Aon plc (NYSE:AON) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,730 shares of the financial services provider’s stock after purchasing an additional 180 shares during the quarter. GHP Investment Advisors Inc.’s holdings in AON were worth $8,902,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Forsta AP Fonden boosted its position in shares of AON by 11.8% during the 3rd quarter. Forsta AP Fonden now owns 38,900 shares of the financial services provider’s stock worth $13,459,000 after purchasing an additional 4,100 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in AON by 46.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,094 shares of the financial services provider’s stock worth $5,568,000 after buying an additional 5,100 shares during the period. Ballentine Partners LLC boosted its holdings in AON by 9.7% in the third quarter. Ballentine Partners LLC now owns 1,812 shares of the financial services provider’s stock worth $627,000 after acquiring an additional 160 shares in the last quarter. Mount Yale Investment Advisors LLC grew its stake in AON by 2.1% in the third quarter. Mount Yale Investment Advisors LLC now owns 11,339 shares of the financial services provider’s stock valued at $3,923,000 after acquiring an additional 234 shares during the period. Finally, Dakota Wealth Management increased its holdings in shares of AON by 8.5% during the third quarter. Dakota Wealth Management now owns 3,347 shares of the financial services provider’s stock valued at $1,158,000 after acquiring an additional 263 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AON shares. Bank of America lifted their price target on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Piper Sandler boosted their target price on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Evercore ISI raised their price target on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Wells Fargo & Company lifted their price target on AON from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 target price on shares of AON in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $349.69.

AON Stock Performance

NYSE AON traded up $18.59 during trading hours on Friday, reaching $375.44. 2,302,043 shares of the company were exchanged, compared to its average volume of 1,185,120. The stock has a market capitalization of $81.56 billion, a P/E ratio of 30.01, a P/E/G ratio of 2.31 and a beta of 0.92. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. Aon plc has a 1 year low of $268.06 and a 1 year high of $389.21. The business’s 50 day simple moving average is $349.01 and its 200-day simple moving average is $316.67.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.27. AON had a net margin of 18.00% and a return on equity of 252.81%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.70 billion. On average, equities research analysts expect that Aon plc will post 15.21 earnings per share for the current year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.675 per share. The ex-dividend date is Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.72%. AON’s payout ratio is 21.58%.

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.