Net Worth Advisory Group Buys New Shares in Aon plc (NYSE:AON)

Net Worth Advisory Group purchased a new position in shares of Aon plc (NYSE:AON) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 780 shares of the financial services provider’s stock, valued at approximately $270,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AON. Y.D. More Investments Ltd purchased a new stake in AON in the second quarter worth approximately $31,000. Norden Group LLC bought a new stake in shares of AON in the 1st quarter worth approximately $2,044,000. Daiwa Securities Group Inc. boosted its stake in shares of AON by 14.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider’s stock valued at $7,056,000 after purchasing an additional 2,624 shares in the last quarter. Vanguard Group Inc. raised its position in AON by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after purchasing an additional 64,500 shares during the period. Finally, Vontobel Holding Ltd. lifted its stake in AON by 150.4% in the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after purchasing an additional 57,847 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AON shares. Barclays began coverage on AON in a research note on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Jefferies Financial Group raised their target price on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Evercore ISI upped their price target on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Finally, 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. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, AON has a consensus rating of “Hold” and an average target price of $347.06.

AON Stock Down 0.2 %

NYSE:AON opened at $357.93 on Monday. Aon plc has a 1-year low of $268.06 and a 1-year high of $363.46. The company has a market capitalization of $77.76 billion, a PE ratio of 28.61, a P/E/G ratio of 2.32 and a beta of 0.92. The firm’s 50-day moving average price is $345.94 and its 200-day moving average price is $315.14. 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 for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. AON’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.76 EPS. On average, equities analysts predict that Aon plc will post 15.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.675 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.75%. AON’s dividend payout ratio is currently 21.58%.

AON Company 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.