401 Shares in Aon plc (NYSE:AON) Purchased by ORG Partners LLC

ORG Partners LLC acquired a new stake in shares of Aon plc (NYSE:AON) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 401 shares of the financial services provider’s stock, valued at approximately $118,000.

Several other institutional investors and hedge funds have also bought and sold shares of AON. Norges Bank bought a new position in AON in the 4th quarter worth about $423,030,000. Meritage Group LP purchased a new position in AON in the 1st quarter worth approximately $258,471,000. Farallon Capital Management LLC purchased a new stake in shares of AON during the 1st quarter valued at $210,911,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of AON by 32.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,943,733 shares of the financial services provider’s stock worth $648,663,000 after acquiring an additional 471,424 shares during the last quarter. Finally, Boston Partners increased its stake in AON by 53.6% in the first quarter. Boston Partners now owns 984,445 shares of the financial services provider’s stock valued at $326,864,000 after acquiring an additional 343,635 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AON has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on AON from $287.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. Piper Sandler increased their price target on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Morgan Stanley dropped their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Citigroup initiated coverage on AON in a research note on Wednesday, May 22nd. They set a “neutral” rating and a $309.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised shares of AON from an “underperform” rating to an “outperform” rating and lifted their target price for the stock from $313.00 to $380.00 in a report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $330.21.

AON Trading Down 0.1 %

Shares of AON traded down $0.43 on Thursday, hitting $330.57. 104,582 shares of the stock traded hands, compared to its average volume of 1,281,194. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. The firm has a market capitalization of $71.88 billion, a P/E ratio of 25.86, a P/E/G ratio of 2.11 and a beta of 0.91. The stock’s 50 day moving average is $304.19 and its two-hundred day moving average is $304.86. Aon plc has a 1 year low of $268.06 and a 1 year high of $344.68.

AON (NYSE:AON) last posted its quarterly earnings results 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 company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.76 EPS. As a group, sell-side analysts predict that Aon plc will post 15.28 earnings per share for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given a $0.675 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $2.70 annualized dividend and a yield of 0.82%. AON’s dividend payout ratio is presently 21.16%.

AON Company 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.