Aon plc (NYSE:AON) Shares Purchased by MBB Public Markets I LLC

MBB Public Markets I LLC raised its holdings in Aon plc (NYSE:AON) by 1,355.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,854 shares of the financial services provider’s stock after buying an additional 12,902 shares during the quarter. MBB Public Markets I LLC’s holdings in AON were worth $4,067,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Y.D. More Investments Ltd purchased a new position in shares of AON in the 2nd quarter valued at approximately $31,000. Rise Advisors LLC acquired a new stake in shares of AON during the first quarter worth $37,000. LRI Investments LLC purchased a new stake in shares of AON during the first quarter valued at $55,000. Bruce G. Allen Investments LLC raised its stake 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 worth $49,000 after acquiring an additional 58 shares during the last quarter. Finally, New Covenant Trust Company N.A. acquired a new stake in AON during the 1st quarter worth about $59,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 0.2 %

Shares of AON stock opened at $347.67 on Friday. The stock has a 50 day simple moving average of $335.67 and a 200-day simple moving average of $312.49. Aon plc has a 1-year low of $268.06 and a 1-year high of $353.54. The company has a market cap of $75.53 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 2.24 and a beta of 0.92. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42.

AON (NYSE:AON) last announced its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter last year, the business earned $2.76 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, equities research analysts expect that Aon plc will post 15.23 EPS for the current fiscal year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid 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 Analysts Forecast Growth

Several research analysts have recently issued reports on AON shares. Morgan Stanley reduced their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. upped their price objective 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 assumed 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Finally, Keefe, Bruyette & Woods raised AON from an “underperform” rating to an “outperform” rating and boosted their price objective for the company from $313.00 to $380.00 in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.