Aon plc (NYSE:AON) Shares Bought by Fulton Bank N.A.

Fulton Bank N.A. increased its stake in Aon plc (NYSE:AON) by 40.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,379 shares of the financial services provider’s stock after acquiring an additional 397 shares during the period. Fulton Bank N.A.’s holdings in AON were worth $477,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AON. Value Partners Investments Inc. boosted its holdings in shares of AON by 12.9% in the 3rd quarter. Value Partners Investments Inc. now owns 1,457 shares of the financial services provider’s stock valued at $504,000 after purchasing an additional 167 shares during the last quarter. Diversified Trust Co grew its position in AON by 71.1% during the third quarter. Diversified Trust Co now owns 14,991 shares of the financial services provider’s stock valued at $5,187,000 after acquiring an additional 6,227 shares during the period. GAMMA Investing LLC increased its stake in AON by 78.9% during the third quarter. GAMMA Investing LLC now owns 880 shares of the financial services provider’s stock worth $304,000 after acquiring an additional 388 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of AON by 0.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 54,478 shares of the financial services provider’s stock worth $18,849,000 after purchasing an additional 396 shares during the period. Finally, waypoint wealth counsel grew its holdings in shares of AON by 3.6% during the 3rd quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 32 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Performance

AON stock opened at $353.95 on Wednesday. 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 stock has a 50 day moving average of $340.60 and a 200-day moving average of $313.42. The stock has a market cap of $76.89 billion, a P/E ratio of 27.74, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92. Aon plc has a 52 week low of $268.06 and a 52 week high of $355.15.

AON (NYSE:AON) last announced its quarterly earnings data 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 company had revenue of $3.76 billion for 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%. AON’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.76 earnings per share. On average, analysts expect that Aon plc will post 15.22 EPS for the current fiscal year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.76%. 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 analysts recently commented on the stock. Barclays assumed coverage on shares of AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target on the stock. Piper Sandler lifted their target price on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and increased their price target for the company from $313.00 to $380.00 in a report on Tuesday, July 30th. Morgan Stanley decreased their target price on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. raised their target price on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $337.14.

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.