Andra AP fonden Purchases Shares of 227 Aon plc (NYSE:AON)

Andra AP fonden acquired a new stake in shares of Aon plc (NYSE:AON) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 227 shares of the financial services provider’s stock, valued at approximately $67,000.

A number of other large investors also recently modified their holdings of the company. Frazier Financial Advisors LLC purchased a new position in shares of AON during the fourth quarter worth approximately $31,000. Rise Advisors LLC bought a new stake in AON in the first quarter worth $37,000. LRI Investments LLC purchased a new stake in AON during the first quarter valued at about $55,000. Bruce G. Allen Investments LLC grew its stake in shares of AON by 52.7% during the second 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, New Covenant Trust Company N.A. bought a new stake in shares of AON in the 1st quarter valued at about $59,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of AON stock opened at $348.11 on Friday. The business has a fifty day simple moving average of $324.47 and a two-hundred day simple moving average of $310.05. The firm has a market capitalization of $75.69 billion, a P/E ratio of 27.28, a P/E/G 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 plc has a 12 month low of $268.06 and a 12 month high of $352.49.

AON (NYSE:AON) last posted its quarterly earnings data 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 business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the previous year, the firm earned $2.76 EPS. The company’s revenue was up 18.4% on a year-over-year basis. On average, equities analysts forecast that Aon plc will post 15.23 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.78%. The ex-dividend date was Thursday, August 1st. AON’s dividend payout ratio (DPR) is 21.16%.

Analysts Set New Price Targets

A number of equities analysts have commented on AON shares. Citigroup began coverage on AON in a research note on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price target on the stock. Morgan Stanley dropped their price target on shares of AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Barclays started coverage on shares of AON in a report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 target price for the company. Finally, Bank of America lowered AON from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $345.00 to $306.00 in a research report on Wednesday, May 22nd. Two equities 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 data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $337.27.

AON Profile

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.