Aon plc (NYSE:AON) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP boosted its position in shares of Aon plc (NYSE:AON) by 172.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,417 shares of the financial services provider’s stock after acquiring an additional 8,491 shares during the period. Quantbot Technologies LP’s holdings in AON were worth $3,939,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC acquired a new position in AON during the 4th quarter worth approximately $31,000. Y.D. More Investments Ltd acquired a new position in AON during the 2nd quarter worth approximately $31,000. Rise Advisors LLC acquired a new position in AON during the 1st quarter worth approximately $37,000. LRI Investments LLC acquired a new position in AON during the 1st quarter worth approximately $55,000. Finally, Bruce G. Allen Investments LLC grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Up 0.8 %

Shares of AON stock opened at $350.69 on Tuesday. The company has a market cap of $76.25 billion, a P/E ratio of 27.48, a PEG ratio of 2.24 and a beta of 0.92. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42. Aon plc has a one year low of $268.06 and a one year high of $353.54. The firm has a fifty day moving average of $326.56 and a two-hundred day moving average of $310.44.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 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 analysts’ expectations 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 company posted $2.76 EPS. On average, analysts forecast that Aon plc will post 15.23 earnings per share for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a $0.675 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.77%. AON’s dividend payout ratio is presently 21.16%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AON shares. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 target price on shares of AON in a report on Monday, August 5th. JPMorgan Chase & Co. upped their target price on shares of AON from $353.00 to $379.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Barclays started coverage on shares of AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 target price for the company. Piper Sandler upped 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. Finally, Wells Fargo & Company upped their target price on shares of AON from $287.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, AON presently has a consensus rating of “Hold” and a consensus price target 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.