Great Lakes Advisors LLC Raises Stock Position in Aon plc (NYSE:AON)

Great Lakes Advisors LLC grew its position in shares of Aon plc (NYSE:AONFree Report) by 64.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,934 shares of the financial services provider’s stock after buying an additional 5,070 shares during the quarter. Great Lakes Advisors LLC’s holdings in AON were worth $4,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Panagora Asset Management Inc. increased its position in shares of AON by 34.7% during the 1st quarter. Panagora Asset Management Inc. now owns 5,003 shares of the financial services provider’s stock valued at $1,629,000 after purchasing an additional 1,289 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in AON by 134.6% during the first quarter. Sequoia Financial Advisors LLC now owns 1,633 shares of the financial services provider’s stock valued at $531,000 after buying an additional 937 shares during the last quarter. Baird Financial Group Inc. raised its position in AON by 16.1% in the first quarter. Baird Financial Group Inc. now owns 28,451 shares of the financial services provider’s stock worth $9,264,000 after acquiring an additional 3,948 shares during the period. Zions Bancorporation N.A. boosted its stake in shares of AON by 46.0% during the 1st quarter. Zions Bancorporation N.A. now owns 1,276 shares of the financial services provider’s stock worth $416,000 after acquiring an additional 402 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in shares of AON by 5.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 4,544 shares of the financial services provider’s stock worth $1,480,000 after purchasing an additional 226 shares in the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Performance

NYSE AON opened at $331.20 on Tuesday. The stock has a market capitalization of $66.31 billion, a PE ratio of 25.19, a P/E/G ratio of 2.08 and a beta of 0.93. Aon plc has a 1-year low of $280.89 and a 1-year high of $347.37. The business has a 50 day simple moving average of $326.89 and a two-hundred day simple moving average of $327.21. The company has a debt-to-equity ratio of 61.66, a current ratio of 1.41 and a quick ratio of 1.41.

AON (NYSE:AONGet Free Report) last announced its quarterly earnings results on Friday, October 27th. The financial services provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.11. AON had a net margin of 20.74% and a negative return on equity of 1,685.76%. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the previous year, the business posted $2.02 earnings per share. AON’s quarterly revenue was up 9.5% on a year-over-year basis. On average, research analysts predict that Aon plc will post 14.35 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were given a $0.615 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $2.46 annualized dividend and a yield of 0.74%. AON’s dividend payout ratio is currently 18.71%.

Insiders Place Their Bets

In related news, Director Byron Spruell bought 800 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average price of $324.57 per share, for a total transaction of $259,656.00. Following the acquisition, the director now owns 4,001 shares in the company, valued at $1,298,604.57. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company lowered AON from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $317.00 to $304.00 in a report on Monday, October 30th. Jefferies Financial Group raised their target price on shares of AON from $331.00 to $339.00 in a research note on Friday, October 6th. Morgan Stanley upped their price target on shares of AON from $340.00 to $357.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 11th. Royal Bank of Canada decreased their price objective on shares of AON from $352.00 to $342.00 and set a “sector perform” rating on the stock in a research report on Monday, October 30th. Finally, StockNews.com assumed coverage on shares of AON in a report on Thursday, October 5th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $344.08.

Check Out Our Latest Stock Report on AON

AON Company Profile

(Free Report)

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health 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.

Further Reading

Institutional Ownership by Quarter for AON (NYSE:AON)

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