Ossiam bought a new position in shares of Aon PLC (NYSE:AON) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 551 shares of the financial services provider’s stock, valued at approximately $106,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC increased its holdings in AON by 12.7% during the second quarter. CWM LLC now owns 506 shares of the financial services provider’s stock worth $98,000 after buying an additional 57 shares during the last quarter. Cornerstone Advisors Inc. increased its holdings in shares of AON by 3.7% in the second quarter. Cornerstone Advisors Inc. now owns 1,637 shares of the financial services provider’s stock valued at $316,000 after purchasing an additional 59 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of AON by 1.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,320 shares of the financial services provider’s stock valued at $641,000 after purchasing an additional 60 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of AON by 5.5% in the second quarter. Park Avenue Securities LLC now owns 1,218 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 63 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of AON by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,735 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 85.83% of the company’s stock.
Several research firms have commented on AON. Barclays set a $190.00 price objective on shares of AON and gave the company a “hold” rating in a report on Monday, August 12th. Morgan Stanley upped their price objective on shares of AON from $197.00 to $200.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. MKM Partners upgraded shares of AON to a “buy” rating and upped their price objective for the company from $210.00 to $225.00 in a report on Monday, June 24th. Atlantic Securities downgraded shares of AON from an “overweight” rating to a “neutral” rating and set a $190.00 price objective on the stock. in a report on Friday, June 14th. Finally, UBS Group upped their price objective on shares of AON from $181.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. AON has a consensus rating of “Hold” and an average price target of $186.64.
Shares of AON stock traded up $1.47 during trading on Friday, reaching $191.23. The company’s stock had a trading volume of 237,875 shares, compared to its average volume of 705,891. The business’s 50-day moving average price is $191.77 and its 200-day moving average price is $183.25. The firm has a market cap of $44.17 billion, a PE ratio of 23.44, a P/E/G ratio of 1.73 and a beta of 0.86. Aon PLC has a 52 week low of $135.30 and a 52 week high of $198.61. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.72.
AON (NYSE:AON) last announced its earnings results on Friday, July 26th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.88 by ($0.01). The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.69 billion. AON had a net margin of 13.14% and a return on equity of 48.75%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 EPS. Equities analysts predict that Aon PLC will post 9.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a $0.44 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.92%. AON’s payout ratio is presently 21.57%.
Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
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