Aon plc (NYSE:AON) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Aon plc (NYSE:AON) by 6.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,070 shares of the financial services provider’s stock after purchasing an additional 970 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in AON were worth $4,640,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Frazier Financial Advisors LLC acquired a new stake in shares of AON during the fourth quarter worth about $31,000. Y.D. More Investments Ltd purchased a new stake in AON in the second quarter valued at approximately $31,000. Rise Advisors LLC acquired a new stake in shares of AON in the first quarter valued at approximately $37,000. Bruce G. Allen Investments LLC increased its holdings in shares of AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 58 shares during the period. Finally, LRI Investments LLC purchased a new stake in AON in the 1st quarter valued at $55,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Up 0.0 %

AON stock opened at $349.31 on Thursday. Aon plc has a 52 week low of $268.06 and a 52 week high of $353.54. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. The company has a market cap of $75.88 billion, a P/E ratio of 27.38, a P/E/G ratio of 2.26 and a beta of 0.92. The company’s 50-day moving average price is $328.77 and its 200 day moving average price is $310.95.

AON (NYSE:AON) last released its quarterly 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 firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The business’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.76 EPS. On average, research analysts expect that Aon plc will post 15.23 earnings per share 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 dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s dividend payout ratio (DPR) is presently 21.16%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of recent research reports. Citigroup began coverage on shares of AON in a research note on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price objective on the stock. 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $335.00 target price on shares of AON in a research note on Monday, August 5th. Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and upped their price target for the stock from $313.00 to $380.00 in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company boosted their price objective on shares of AON from $287.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AON currently has a consensus rating of “Hold” and a consensus target price of $337.27.

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.