Tanager Wealth Management LLP Invests $479,000 in Aon plc (NYSE:AON)

Tanager Wealth Management LLP purchased a new stake in Aon plc (NYSE:AON) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,383 shares of the financial services provider’s stock, valued at approximately $479,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AON. Y.D. More Investments Ltd bought a new position in shares of AON in the 2nd quarter worth $31,000. Eastern Bank bought a new position in AON during the third quarter worth about $43,000. Nemes Rush Group LLC acquired a new position in shares of AON during the 2nd quarter worth about $45,000. LRI Investments LLC acquired a new stake in shares of AON in the 1st quarter valued at approximately $55,000. Finally, Bruce G. Allen Investments LLC boosted its stake in AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 58 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on AON. Piper Sandler increased 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. JPMorgan Chase & Co. lifted their target price on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price target on shares of AON in a report on Monday, August 5th. Morgan Stanley cut their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, Wells Fargo & Company raised their target price on shares of AON from $300.00 to $315.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $347.06.

AON Price Performance

Shares of AON opened at $358.29 on Thursday. The company’s fifty day simple moving average is $347.63 and its 200 day simple moving average is $316.00. Aon plc has a 1-year low of $268.06 and a 1-year high of $363.46. The company has a market cap of $77.83 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 2.31 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 (NYSE:AON) last released its quarterly earnings data 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). AON had a net margin of 18.00% and a return on equity of 252.81%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the company earned $2.76 EPS. AON’s quarterly revenue was up 18.4% on a year-over-year basis. On average, research analysts forecast that Aon plc will post 15.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.675 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.75%. AON’s dividend payout ratio (DPR) is presently 21.58%.

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.