Insigneo Advisory Services LLC Has $363,000 Position in Aon plc (NYSE:AON)

Insigneo Advisory Services LLC lifted its holdings in shares of Aon plc (NYSE:AON) by 38.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,117 shares of the financial services provider’s stock after purchasing an additional 309 shares during the period. Insigneo Advisory Services LLC’s holdings in AON were worth $363,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Gryphon Financial Partners LLC grew its holdings in AON by 262.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock worth $1,181,000 after purchasing an additional 2,989 shares during the period. TD Asset Management Inc grew its stake in shares of AON by 12.8% in the 4th quarter. TD Asset Management Inc now owns 73,932 shares of the financial services provider’s stock valued at $21,516,000 after buying an additional 8,396 shares during the period. Stifel Financial Corp increased its position in AON by 0.7% in the 4th quarter. Stifel Financial Corp now owns 196,497 shares of the financial services provider’s stock valued at $57,185,000 after buying an additional 1,454 shares in the last quarter. Catalytic Wealth RIA LLC acquired a new position in AON during the 4th quarter worth approximately $257,000. Finally, Scotia Capital Inc. boosted its holdings in AON by 155.6% in the fourth quarter. Scotia Capital Inc. now owns 19,588 shares of the financial services provider’s stock worth $5,700,000 after acquiring an additional 11,924 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Stock Up 0.2 %

Shares of NYSE AON opened at $347.67 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. The stock has a market capitalization of $75.53 billion, a PE ratio of 27.25, a P/E/G ratio of 2.24 and a beta of 0.92. Aon plc has a one year low of $268.06 and a one year high of $353.54. The business’s fifty day moving average price is $335.67 and its 200-day moving average price is $312.49.

AON (NYSE:AON) last released its quarterly earnings data 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 business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.76 earnings per share. On average, equities research analysts anticipate that Aon plc will post 15.23 EPS for the current year.

AON Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Thursday, August 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.78%. AON’s dividend payout ratio (DPR) is 21.16%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AON shares. Morgan Stanley lowered their target price on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Wells Fargo & Company increased their target price on shares of AON from $287.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Finally, Barclays started coverage on shares of AON in a report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price target on the stock. Two research 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. According to MarketBeat, AON currently has a consensus rating of “Hold” and an average target price 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.