Edgestream Partners L.P. Raises Position in Aon plc $AON

Edgestream Partners L.P. boosted its position in shares of Aon plc (NYSE:AON) by 121.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,825 shares of the financial services provider’s stock after buying an additional 1,552 shares during the period. Edgestream Partners L.P.’s holdings in AON were worth $1,008,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Saudi Central Bank purchased a new stake in shares of AON during the first quarter worth approximately $31,000. Atlantic Union Bankshares Corp purchased a new stake in shares of AON during the second quarter worth $31,000. Trust Co. of Toledo NA OH acquired a new stake in shares of AON in the second quarter valued at about $32,000. Pinnacle Bancorp Inc. lifted its stake in shares of AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after buying an additional 33 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC purchased a new stake in AON during the 1st quarter valued at about $55,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Trading Down 0.9%

Shares of AON stock opened at $344.66 on Friday. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The company has a 50 day moving average price of $348.52 and a 200 day moving average price of $356.69. The stock has a market capitalization of $74.08 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 1.97 and a beta of 0.84. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a return on equity of 48.88% and a net margin of 15.96%.The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the business earned $2.72 EPS. AON’s revenue was up 7.4% on a year-over-year basis. Equities research analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, November 3rd. AON’s payout ratio is currently 23.88%.

Wall Street Analyst Weigh In

AON has been the topic of a number of research reports. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $385.00 to $430.00 in a research note on Thursday, September 11th. Wells Fargo & Company reduced their price objective on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Barclays restated an “equal weight” rating and issued a $379.00 target price (down from $420.00) on shares of AON in a report on Thursday, November 20th. UBS Group reduced their price target on AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, TD Cowen dropped their price objective on shares of AON from $419.00 to $416.00 and set a “buy” rating for the company in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $416.56.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.