Aon plc (NYSE:AON) Shares Bought by Ieq Capital LLC

Ieq Capital LLC increased its stake in Aon plc (NYSE:AON) by 1.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,471 shares of the financial services provider’s stock after acquiring an additional 243 shares during the quarter. Ieq Capital LLC’s holdings in AON were worth $4,542,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AON. Vanguard Group Inc. raised its holdings in AON by 0.4% during 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 buying an additional 64,500 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of AON by 2.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after acquiring an additional 309,702 shares in the last quarter. Capital International Investors lifted its position in shares of AON by 0.4% in the 4th quarter. Capital International Investors now owns 5,524,730 shares of the financial services provider’s stock valued at $1,607,519,000 after acquiring an additional 22,346 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in AON by 1.2% in the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock worth $1,293,449,000 after purchasing an additional 52,099 shares during the period. Finally, Sustainable Growth Advisers LP grew its position in AON by 4.7% during the 1st quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider’s stock worth $936,151,000 after purchasing an additional 127,173 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Up 0.0 %

AON stock opened at $347.03 on Friday. The firm has a market cap of $75.46 billion, a PE ratio of 27.20, a PEG ratio of 2.26 and a beta of 0.92. Aon plc has a 1 year low of $268.06 and a 1 year high of $353.54. The company has a fifty day simple moving average of $330.75 and a 200 day simple moving average of $311.42. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92.

AON (NYSE:AON) last released its quarterly 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 return on equity of 252.81% and a net margin of 18.00%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter last year, the company posted $2.76 EPS. The business’s revenue was up 18.4% compared to the same quarter last year. Sell-side analysts anticipate 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 given 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 21.16%.

Analyst Ratings Changes

A number of research firms have recently issued reports on AON. Piper Sandler increased their target price on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their price objective on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Wells Fargo & Company upped their target price on AON from $287.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, July 29th. JPMorgan Chase & Co. raised their price target on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Morgan Stanley dropped their price objective on shares of AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given 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 $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.