Lincoln National Corp Increases Stock Position in Aon plc (NYSE:AON)

Lincoln National Corp grew its position in Aon plc (NYSE:AON – Get Rating) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,320 shares of the financial services provider’s stock after purchasing an additional 70 shares during the period. Lincoln National Corp’s holdings in AON were worth $1,425,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in AON. Western Pacific Wealth Management LP bought a new position in AON during the third quarter valued at about $29,000. Larson Financial Group LLC bought a new position in AON during the second quarter valued at about $32,000. Coston McIsaac & Partners bought a new position in AON during the second quarter valued at about $38,000. Eagle Bay Advisors LLC bought a new position in AON during the second quarter worth about $39,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in AON by 47.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 158 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 51 shares during the period. Institutional investors own 86.12% of the company’s stock.

AON Stock Performance

NYSE:AON opened at $324.34 on Wednesday. The stock has a market cap of $67.09 billion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 2.08 and a beta of 0.88. The firm’s fifty day simple moving average is $306.24 and its 200 day simple moving average is $290.96. Aon plc has a twelve month low of $246.21 and a twelve month high of $341.98. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 12.27.

AON (NYSE:AON – Get Rating) last announced its earnings results on Friday, October 28th. The financial services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.01. AON had a net margin of 22.49% and a return on equity of 445.81%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the business posted $1.74 EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. As a group, research analysts predict that Aon plc will post 13.16 EPS for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Tuesday, January 31st. AON’s dividend payout ratio is presently 17.39%.

Wall Street Analysts Forecast Growth

AON has been the subject of a number of research reports. Citigroup assumed coverage on shares of AON in a research report on Wednesday, December 14th. They set a “neutral” rating and a $339.00 target price for the company. Wells Fargo & Company increased their price target on shares of AON from $302.00 to $304.00 and gave the stock an “equal weight” rating in a report on Monday, October 31st. MKM Partners increased their price target on shares of AON from $335.00 to $360.00 and gave the stock a “buy” rating in a report on Monday, December 5th. TheStreet raised shares of AON from a “c+” rating to a “b-” rating in a research note on Friday, December 9th. Finally, BMO Capital Markets assumed coverage on shares of AON in a research note on Thursday, January 19th. They issued a “market perform” rating and a $310.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, AON currently has an average rating of “Hold” and an average target price of $313.56.

AON Company Profile

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Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captives management; and health solutions, such as health and benefits brokerages, and health care exchanges.