Gilman Hill Asset Management LLC Invests $463,000 in Aon plc (NYSE:AON) (2024)

Gilman Hill Asset Management LLC acquired a new position in shares of Aon plc (NYSE:AON - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,578 shares of the financial services provider's stock, valued at approximately $463,000.

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Several other institutional investors have also modified their holdings of the company. Frazier Financial Advisors LLC acquired a new stake in AON during the 4th quarter worth $31,000. Rise Advisors LLC acquired a new stake in AON during the 1st quarter worth $37,000. Turtle Creek Wealth Advisors LLC acquired a new stake in AON during the 4th quarter worth $43,000. First United Bank & Trust acquired a new position in AON in the fourth quarter valued at $44,000. Finally, LRI Investments LLC acquired a new position in AON in the first quarter valued at $55,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on AON. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $335.00 target price on shares of AON in a report on Monday, August 5th. Morgan Stanley lowered their target price on shares of AON from $300.00 to $296.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 10th. Piper Sandler lifted their target price on shares of AON from $312.00 to $335.00 and gave the company a "neutral" rating in a report on Monday, July 29th. Citigroup began coverage on shares of AON in a report on Wednesday, May 22nd. They issued a "neutral" rating and a $309.00 target price on the stock. Finally, Bank of America downgraded shares of AON from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $345.00 to $306.00 in a report on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, AON has a consensus rating of "Hold" and a consensus price target of $330.21.

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Check Out Our Latest Report on AON

AON Trading Up 0.8 %

AON stock traded up $2.50 on Friday, hitting $329.44. 1,460,179 shares of the company were exchanged, compared to its average volume of 1,300,042. Aon plc has a twelve month low of $268.06 and a twelve month high of $344.68. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. The business's fifty day moving average is $301.47 and its two-hundred day moving average is $304.29. The stock has a market capitalization of $71.63 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.91.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a return on equity of 252.81% and a net margin of 18.00%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period last year, the company posted $2.76 EPS. The business's revenue for the quarter was up 18.4% on a year-over-year basis. As a group, research analysts forecast that Aon plc will post 15.28 earnings per share for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.675 dividend. The ex-dividend date is Thursday, August 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.82%. AON's dividend payout ratio (DPR) is presently 21.16%.

AON Company Profile

(Free Report)

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.

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