Y Intercept Hong Kong Ltd Makes New Investment in Aon plc $AON

Y Intercept Hong Kong Ltd bought a new stake in shares of Aon plc (NYSE:AON) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,129 shares of the financial services provider’s stock, valued at approximately $1,829,000.

A number of other large investors have also made changes to their positions in the stock. Silver Lake Advisory LLC acquired a new stake in AON during the 3rd quarter worth approximately $1,292,000. Nordea Investment Management AB boosted its stake in shares of AON by 6.6% in the second quarter. Nordea Investment Management AB now owns 17,062 shares of the financial services provider’s stock valued at $6,051,000 after purchasing an additional 1,061 shares during the period. Arrowroot Family Office LLC purchased a new stake in AON during the 2nd quarter worth $541,000. Arrowstreet Capital Limited Partnership boosted its position in AON by 368.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 78,753 shares of the financial services provider’s stock valued at $28,096,000 after buying an additional 61,924 shares during the last quarter. Finally, First National Bank & Trust Co. of Newtown lifted its stake in shares of AON by 565.8% in the second quarter. First National Bank & Trust Co. of Newtown now owns 6,658 shares of the financial services provider’s stock worth $2,375,000 after acquiring an additional 5,658 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 analysts recently issued reports on the stock. Cantor Fitzgerald dropped their price target on shares of AON from $450.00 to $393.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. TD Cowen reduced 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, November 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of AON in a research note on Monday, December 29th. UBS Group cut their price target on AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Mizuho set a $387.00 target price on AON in a research note on Wednesday, January 14th. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $408.47.

AON Stock Up 2.9%

AON stock opened at $342.56 on Friday. The company’s 50-day moving average price is $347.81 and its two-hundred day moving average price is $353.79. The stock has a market cap of $73.63 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.70 and a beta of 0.84. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.86.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, January 30th. The financial services provider reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.76 by $0.09. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.38 billion. AON had a net margin of 15.96% and a return on equity of 48.88%. On average, analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Monday, February 2nd will be issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, February 2nd. AON’s payout ratio is presently 23.88%.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.