Good Life Advisors LLC Increases Stake in Aon plc (NYSE:AON)

Good Life Advisors LLC boosted its stake in shares of Aon plc (NYSE:AON) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,557 shares of the financial services provider’s stock after purchasing an additional 54 shares during the period. Good Life Advisors LLC’s holdings in AON were worth $1,231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Radnor Capital Management LLC increased its position in shares of AON by 203.6% in the 1st quarter. Radnor Capital Management LLC now owns 6,290 shares of the financial services provider’s stock valued at $2,099,000 after acquiring an additional 4,218 shares during the period. Y.D. More Investments Ltd acquired a new position in shares of AON in the second quarter valued at about $31,000. Norden Group LLC acquired a new stake in shares of AON during the first quarter worth about $2,044,000. Daiwa Securities Group Inc. boosted its position in AON by 14.2% in the first quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider’s stock valued at $7,056,000 after buying an additional 2,624 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new position in AON during the 4th quarter worth approximately $1,177,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of NYSE AON opened at $358.77 on Friday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42. The firm has a fifty day moving average of $345.37 and a 200 day moving average of $315.11. The firm has a market cap of $77.94 billion, a PE ratio of 28.68, a PEG ratio of 2.32 and a beta of 0.92. Aon plc has a one year low of $268.06 and a one year high of $363.46.

AON (NYSE:AON) last released its earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS 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 firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.76 EPS. As a group, research analysts predict that Aon plc will post 15.22 EPS for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.675 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.75%. AON’s dividend payout ratio (DPR) is presently 21.58%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Evercore ISI upped their price objective on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Barclays assumed coverage on AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price target on the stock. Morgan Stanley decreased their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Wells Fargo & Company raised their target price on AON from $300.00 to $315.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price target on shares of AON in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $347.06.

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.