Mercer Global Advisors Inc. ADV Has $4.02 Million Position in Aon plc (NYSE:AON)

Mercer Global Advisors Inc. ADV raised its holdings in Aon plc (NYSE:AON) by 43.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,698 shares of the financial services provider’s stock after buying an additional 4,122 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in AON were worth $4,021,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC increased its stake in AON by 3.9% in the first quarter. Proficio Capital Partners LLC now owns 1,016 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 38 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in AON by 5.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock worth $243,000 after buying an additional 38 shares during the period. Fisher Asset Management LLC grew its stake in AON by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,724 shares of the financial services provider’s stock valued at $502,000 after acquiring an additional 39 shares during the period. Essex Financial Services Inc. increased its holdings in shares of AON by 4.0% during the second quarter. Essex Financial Services Inc. now owns 1,036 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 40 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of AON by 11.1% during the first quarter. GAMMA Investing LLC now owns 410 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 41 shares during the period. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Barclays started coverage on shares of AON in a report 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 company an “overweight” rating in a research note on Thursday, July 11th. Keefe, Bruyette & Woods raised AON from an “underperform” rating to an “outperform” rating and increased their price objective for the stock from $313.00 to $380.00 in a research note on Tuesday, July 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 target price on shares of AON in a research report on Monday, August 5th. Finally, Wells Fargo & Company raised their price objective on 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 assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $337.27.

AON Trading Up 0.0 %

Shares of AON stock opened at $347.03 on Friday. Aon plc has a 12-month low of $268.06 and a 12-month 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 company has a 50 day moving average of $330.75 and a 200-day moving average of $311.39. The firm has a market cap of $75.46 billion, a P/E ratio of 27.20, a PEG ratio of 2.26 and a beta of 0.92.

AON (NYSE:AON) last issued its 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 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 the consensus estimate of $3.74 billion. During the same quarter in the previous year, the firm earned $2.76 earnings per share. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. Sell-side analysts anticipate that Aon plc will post 15.23 earnings per share for the current year.

AON Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.78%. AON’s payout ratio is 21.16%.

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.