Alpha Family Trust Makes New $203,000 Investment in Aon plc (NYSE:AON)

Alpha Family Trust purchased a new position in shares of Aon plc (NYSE:AON) during the second quarter, Holdings Channel reports. The firm purchased 690 shares of the financial services provider’s stock, valued at approximately $203,000.

A number of other hedge funds also recently bought and sold shares of AON. Gryphon Financial Partners LLC lifted its position in shares of AON by 262.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock valued at $1,181,000 after acquiring an additional 2,989 shares in the last quarter. Financial Advocates Investment Management lifted its position in shares of AON by 47.8% in the fourth quarter. Financial Advocates Investment Management now owns 1,923 shares of the financial services provider’s stock valued at $560,000 after acquiring an additional 622 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of AON by 10.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 76,853 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 6,962 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of AON by 9.6% in the fourth quarter. Brown Advisory Inc. now owns 6,689 shares of the financial services provider’s stock valued at $1,947,000 after acquiring an additional 587 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of AON in the fourth quarter valued at approximately $423,030,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Price Performance

AON stock opened at $350.69 on Tuesday. Aon plc has a 52-week low of $268.06 and a 52-week high of $353.54. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. The business has a fifty day moving average of $326.56 and a two-hundred day moving average of $310.44. The stock has a market cap of $76.25 billion, a price-to-earnings ratio of 27.48, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92.

AON (NYSE:AON) last issued its quarterly earnings data 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). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period in the previous year, the firm posted $2.76 earnings per share. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. As a group, research analysts anticipate that Aon plc will post 15.23 earnings per share for the current year.

AON Dividend Announcement

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

Analysts Set New Price Targets

AON has been the topic of several research reports. Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and raised their target price for the company from $313.00 to $380.00 in a research report on Tuesday, July 30th. Citigroup began coverage on AON in a report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price target for the company. Barclays began coverage on AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price target on AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. increased their price target on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, AON currently has a consensus rating of “Hold” and an average target price 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.