Sei Investments Co. Purchases 8,647 Shares of Aon plc (NYSE:AON)

Sei Investments Co. increased its position in shares of Aon plc (NYSE:AON) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 235,263 shares of the financial services provider’s stock after acquiring an additional 8,647 shares during the quarter. Sei Investments Co. owned about 0.11% of AON worth $69,068,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AE Wealth Management LLC lifted its holdings in AON by 21.8% in the second quarter. AE Wealth Management LLC now owns 1,553 shares of the financial services provider’s stock valued at $456,000 after buying an additional 278 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of AON by 5,232.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 208,022 shares of the financial services provider’s stock worth $61,071,000 after purchasing an additional 204,121 shares during the last quarter. GM Advisory Group LLC bought a new stake in AON in the second quarter valued at about $30,572,000. Ieq Capital LLC lifted its stake in AON by 1.6% in the second quarter. Ieq Capital LLC now owns 15,471 shares of the financial services provider’s stock valued at $4,542,000 after buying an additional 243 shares during the period. Finally, ProVise Management Group LLC acquired a new position in shares of AON during the 2nd quarter worth about $1,499,000. 86.14% of the stock is owned by institutional investors.

AON Stock Up 0.0 %

AON stock opened at $347.03 on Friday. The company has a market cap of $75.46 billion, a price-to-earnings ratio of 27.20, a P/E/G ratio of 2.26 and a beta of 0.92. Aon plc has a twelve month low of $268.06 and a twelve month high of $353.54. The business has a 50 day moving average price of $330.75 and a two-hundred day moving average price of $311.39. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92.

AON (NYSE:AON) last released its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.15). The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. AON’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.76 earnings per share. Analysts anticipate that Aon plc will post 15.23 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s payout ratio is currently 21.16%.

Analysts Set New Price Targets

Several research firms recently weighed in on AON. Barclays began coverage on shares of AON in a research note on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of AON from $287.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. Royal Bank of Canada reissued 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 shares of AON from an “underperform” rating to an “outperform” rating and raised their target price for the stock from $313.00 to $380.00 in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $337.27.

AON 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.