AlpInvest Partners B.V. Invests $11.58 Million in Aon plc (NYSE:AON)

AlpInvest Partners B.V. bought a new position in Aon plc (NYSE:AON) during the 2nd quarter, Holdings Channel reports. The firm bought 39,436 shares of the financial services provider’s stock, valued at approximately $11,578,000. AON comprises approximately 4.2% of AlpInvest Partners B.V.’s portfolio, making the stock its 8th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AON. Frazier Financial Advisors LLC bought a new position in shares of AON in the fourth quarter worth about $31,000. Y.D. More Investments Ltd acquired a new stake in shares of AON in the second quarter valued at approximately $31,000. Rise Advisors LLC bought a new position in AON in the 1st quarter worth approximately $37,000. Bruce G. Allen Investments LLC boosted its position in AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after buying an additional 58 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of AON in the 1st quarter valued at $55,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Price Performance

AON stock opened at $347.85 on Monday. The stock has a 50-day moving average price of $325.51 and a two-hundred day moving average price of $310.19. Aon plc has a 1 year low of $268.06 and a 1 year high of $352.49. The stock has a market cap of $75.63 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 2.24 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 posted its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.76 earnings per share. Equities analysts forecast that Aon plc will post 15.23 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s dividend payout ratio is presently 21.16%.

Wall Street Analyst Weigh In

AON has been the topic of several recent research reports. Morgan Stanley decreased their price target on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $335.00 target price on shares of AON in a research note on Monday, August 5th. Citigroup began coverage on shares of AON in a research note on Wednesday, May 22nd. They set a “neutral” rating and a $309.00 price target for the company. Keefe, Bruyette & Woods raised shares of AON from an “underperform” rating to an “outperform” rating and lifted their target price for the stock from $313.00 to $380.00 in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $337.27.

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.