Callan Family Office LLC Grows Position in Aon plc $AON

Callan Family Office LLC grew its stake in Aon plc (NYSE:AON) by 220.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,675 shares of the financial services provider’s stock after acquiring an additional 8,034 shares during the quarter. Callan Family Office LLC’s holdings in AON were worth $4,163,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of AON by 2.6% during the second quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock worth $7,238,569,000 after buying an additional 511,292 shares in the last quarter. Geode Capital Management LLC boosted its position in AON by 3.2% during the second quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock worth $1,987,961,000 after acquiring an additional 173,722 shares during the last quarter. Bank of New York Mellon Corp grew its stake in AON by 5.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,715,346 shares of the financial services provider’s stock worth $1,324,818,000 after acquiring an additional 207,690 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in AON by 13.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,706,904 shares of the financial services provider’s stock valued at $965,715,000 after acquiring an additional 316,333 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its stake in shares of AON by 1.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 2,176,045 shares of the financial services provider’s stock worth $776,326,000 after purchasing an additional 40,213 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Price Performance

AON stock opened at $346.68 on Wednesday. The firm has a fifty day moving average of $347.90 and a 200-day moving average of $353.62. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The company has a quick ratio of 1.35, a current ratio of 2.03 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $74.51 billion, a P/E ratio of 20.37, a PEG ratio of 1.79 and a beta of 0.83.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.75 by $0.10. AON had a net margin of 21.51% and a return on equity of 45.23%. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.38 billion. During the same period in the prior year, the company earned $4.42 EPS. The firm’s revenue was up 3.7% on a year-over-year basis. As a group, analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Monday, February 2nd will be paid a $0.745 dividend. The ex-dividend date is Monday, February 2nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. AON’s dividend payout ratio (DPR) is 17.51%.

Wall Street Analyst Weigh In

AON has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of AON in a research note on Monday, December 29th. Roth Mkm restated a “buy” rating and issued a $390.00 price target on shares of AON in a report on Tuesday, November 4th. Morgan Stanley set a $400.00 price objective on shares of AON in a report on Tuesday, December 16th. Evercore ISI reaffirmed an “outperform” rating and set a $436.00 price target on shares of AON in a research report on Wednesday, January 7th. Finally, Wells Fargo & Company decreased their price target on shares of AON from $448.00 to $443.00 and set an “overweight” rating on the stock in a report on Sunday. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, AON presently has a consensus rating of “Moderate Buy” and an average price target of $409.75.

AON Company 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.