Exchange Traded Concepts LLC Purchases 1,722 Shares of Aon plc $AON

Exchange Traded Concepts LLC raised its position in Aon plc (NYSE:AON) by 469.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,089 shares of the financial services provider’s stock after purchasing an additional 1,722 shares during the quarter. Exchange Traded Concepts LLC’s holdings in AON were worth $745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Wealth Asset Management LLC boosted its position in AON by 115.9% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 6,999 shares of the financial services provider’s stock worth $2,496,000 after buying an additional 3,757 shares during the period. Brighton Jones LLC raised its stake in shares of AON by 3.9% during the third quarter. Brighton Jones LLC now owns 7,269 shares of the financial services provider’s stock valued at $2,592,000 after acquiring an additional 276 shares during the last quarter. Trust Point Inc. grew its stake in shares of AON by 50.5% in the third quarter. Trust Point Inc. now owns 885 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 297 shares during the last quarter. Curated Wealth Partners LLC increased its holdings in AON by 2.3% in the third quarter. Curated Wealth Partners LLC now owns 3,147 shares of the financial services provider’s stock valued at $1,122,000 after purchasing an additional 72 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its position in AON by 1.9% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 3,165 shares of the financial services provider’s stock worth $1,129,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

AON stock opened at $356.65 on Tuesday. The stock has a market capitalization of $76.65 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.04 and a beta of 0.84. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35. The stock’s 50 day moving average price is $346.74 and its two-hundred day moving average price is $355.40.

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

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were paid a $0.745 dividend. The ex-dividend date was Monday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. AON’s dividend payout ratio (DPR) is currently 23.88%.

Analyst Ratings Changes

A number of research firms have commented on AON. Roth Capital reiterated a “buy” rating and issued a $390.00 price target on shares of AON in a research report on Tuesday, November 4th. Wells Fargo & Company reduced their target price on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. UBS Group lowered their price target on shares of AON from $400.00 to $390.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Weiss Ratings restated a “hold (c+)” rating on shares of AON in a research report on Monday, December 22nd. Finally, Morgan Stanley set a $400.00 price objective on shares of AON in a research report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $413.18.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.