4,832 Shares in Aon plc $AON Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd bought a new stake in shares of Aon plc (NYSE:AON) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,832 shares of the financial services provider’s stock, valued at approximately $1,593,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Wealth Watch Advisors INC acquired a new position in AON during the third quarter valued at $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in AON during the 4th quarter valued at about $27,000. Kemnay Advisory Services Inc. purchased a new position in AON during the 4th quarter valued at about $29,000. Strive Asset Management LLC acquired a new position in shares of AON in the 3rd quarter valued at about $35,000. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of AON in the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AON. Barclays boosted their price objective on shares of AON from $372.00 to $382.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Wall Street Zen cut shares of AON from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. increased their price objective on AON from $396.00 to $412.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Morgan Stanley boosted their target price on AON from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, Wells Fargo & Company raised their price target on AON from $406.00 to $419.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $410.75.

AON Stock Performance

Shares of NYSE AON opened at $346.83 on Tuesday. Aon plc has a 12 month low of $304.59 and a 12 month high of $382.34. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34. The company has a market cap of $73.57 billion, a P/E ratio of 19.12, a P/E/G ratio of 1.84 and a beta of 0.69. The business’s 50 day moving average is $348.97 and its two-hundred day moving average is $333.20.

AON (NYSE:AON) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.01. AON had a return on equity of 42.13% and a net margin of 22.27%.The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period in the previous year, the company posted $3.49 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities analysts expect that Aon plc will post 19.05 EPS for the current year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a $0.82 dividend. The ex-dividend date was Monday, August 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. AON’s payout ratio is 18.08%.

Insiders Place Their Bets

In other news, General Counsel Darren Zeidel sold 1,900 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $377.76, for a total value of $717,744.00. Following the transaction, the general counsel directly owned 11,504 shares of the company’s stock, valued at $4,345,751.04. The trade was a 14.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 4,450 shares of company stock worth $1,659,242 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

AON Company 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.