Aon plc (NYSE:AON) Shares Bought by First Foundation Advisors

First Foundation Advisors grew its position in Aon plc (NYSE:AON) by 66.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,082 shares of the financial services provider’s stock after acquiring an additional 14,368 shares during the quarter. First Foundation Advisors’ holdings in AON were worth $10,593,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Frazier Financial Advisors LLC acquired a new stake in AON during the 4th quarter worth $31,000. Rise Advisors LLC acquired a new stake in shares of AON during the first quarter worth about $37,000. First United Bank & Trust purchased a new position in shares of AON during the fourth quarter worth about $44,000. LRI Investments LLC acquired a new position in AON in the 1st quarter valued at about $55,000. Finally, Bruce G. Allen Investments LLC lifted its position in AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 58 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 target price on shares of AON in a report on Monday, August 5th. Citigroup initiated coverage on shares of AON in a research report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Keefe, Bruyette & Woods upgraded shares of AON from an “underperform” rating to an “outperform” rating and raised their price objective for the company from $313.00 to $380.00 in a research note on Tuesday, July 30th. Finally, Barclays initiated coverage on shares of AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $337.27.

AON Price Performance

NYSE:AON opened at $348.03 on Monday. Aon plc has a 12-month low of $268.06 and a 12-month high of $350.28. The firm has a market cap of $75.61 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92. The company’s 50-day moving average is $320.15 and its two-hundred day moving average is $309.04. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92.

AON (NYSE:AON) last issued 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 business 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 company’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.76 EPS. Research analysts expect that Aon plc will post 15.23 EPS for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s payout ratio is currently 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.