Yousif Capital Management LLC Has $10.45 Million Holdings in Aon plc $AON

Yousif Capital Management LLC grew its holdings in Aon plc (NYSE:AON) by 0.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,292 shares of the financial services provider’s stock after purchasing an additional 99 shares during the period. Yousif Capital Management LLC’s holdings in AON were worth $10,450,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AON. Polen Capital Management LLC grew its stake in shares of AON by 318.1% in the first quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock valued at $1,200,350,000 after buying an additional 2,288,397 shares in the last quarter. Nuveen LLC bought a new position in shares of AON in the first quarter valued at $505,108,000. Wellington Management Group LLP bought a new position in shares of AON in the first quarter valued at $490,634,000. Bank of New York Mellon Corp grew its stake in shares of AON by 18.3% in the first quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider’s stock valued at $1,210,864,000 after buying an additional 469,238 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in shares of AON by 276.0% in the second quarter. Vontobel Holding Ltd. now owns 460,971 shares of the financial services provider’s stock valued at $164,456,000 after buying an additional 338,373 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AON. TD Cowen decreased their target price on shares of AON from $427.00 to $419.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AON in a research report on Wednesday, October 8th. Evercore ISI lifted their price objective on shares of AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, AON currently has a consensus rating of “Moderate Buy” and a consensus target price of $420.00.

AON Stock Down 1.9%

AON opened at $353.44 on Tuesday. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market capitalization of $76.21 billion, a P/E ratio of 29.60, a P/E/G ratio of 2.14 and a beta of 0.89. The stock has a fifty day moving average of $364.27 and a 200-day moving average of $362.24.

AON (NYSE:AON) last posted its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the firm earned $2.93 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. On average, equities analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.745 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. AON’s dividend payout ratio (DPR) is currently 24.96%.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.