Machina Capital S.A.S. Has $1.08 Million Position in Aon plc $AON

Machina Capital S.A.S. trimmed its position in Aon plc (NYSE:AON) by 71.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,036 shares of the financial services provider’s stock after selling 7,737 shares during the period. Machina Capital S.A.S.’s holdings in AON were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Gravity Asset Management Inc. acquired a new position in shares of AON in the first quarter valued at about $28,000. Saudi Central Bank bought a new stake in AON in the 1st quarter valued at about $31,000. HHM Wealth Advisors LLC grew its position in shares of AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 29 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of AON during the second quarter worth approximately $32,000. Finally, Pinnacle Bancorp Inc. raised its position in shares of AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AON. TD Cowen lowered their price objective on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research note on Monday. JPMorgan Chase & Co. decreased their price target on AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Barclays reaffirmed an “overweight” rating and set a $420.00 price objective (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $385.00 to $430.00 in a report on Thursday, September 11th. Finally, Wells Fargo & Company cut their price target on shares of AON from $451.00 to $448.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, AON has a consensus rating of “Moderate Buy” and an average target price of $423.21.

AON Stock Performance

NYSE:AON opened at $339.63 on Tuesday. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock’s 50-day simple moving average is $356.07 and its 200 day simple moving average is $358.28. The firm has a market capitalization of $73.23 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 1.92 and a beta of 0.89.

AON (NYSE:AON) last posted its earnings results on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the business earned $2.72 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a $0.745 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. AON’s dividend payout ratio (DPR) is currently 23.88%.

AON Profile

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.