1,266 Shares in Aon plc (NYSE:AON) Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. purchased a new position in Aon plc (NYSE:AON) in the third quarter, Holdings Channel reports. The fund purchased 1,266 shares of the financial services provider’s stock, valued at approximately $438,000.

Other institutional investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new position in AON in the second quarter worth approximately $31,000. Rise Advisors LLC acquired a new stake in AON during the first quarter worth approximately $37,000. Nemes Rush Group LLC acquired a new stake in AON during the second quarter worth approximately $45,000. Bruce G. Allen Investments LLC raised its holdings in AON by 52.7% during the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 58 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in AON during the first quarter worth approximately $55,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AON shares. Jefferies Financial Group raised their price objective on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. lifted 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 initiated coverage on shares of AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 target price on the stock. Morgan Stanley cut their target price on shares of AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, Evercore ISI lifted their target price on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $347.06.

AON Stock Performance

Shares of AON opened at $355.15 on Friday. The stock has a market capitalization of $77.22 billion, a P/E ratio of 27.83, a P/E/G ratio of 2.32 and a beta of 0.92. Aon plc has a 1 year low of $268.06 and a 1 year high of $360.95. The company’s fifty day moving average is $342.73 and its two-hundred day moving average is $314.40. 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 (NYSE:AON) last issued its earnings results 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). The company 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%. AON’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.76 earnings per share. On average, sell-side analysts predict that Aon plc will post 15.22 earnings per share for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.76%. AON’s payout ratio is currently 21.16%.

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.