Aon plc $AON Shares Bought by LFL Advisers LLC

LFL Advisers LLC grew its stake in shares of Aon plc (NYSE:AON) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,531 shares of the financial services provider’s stock after purchasing an additional 2,484 shares during the quarter. AON makes up 12.5% of LFL Advisers LLC’s portfolio, making the stock its 6th largest holding. LFL Advisers LLC’s holdings in AON were worth $31,228,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. U.S. Capital Wealth Advisors LLC grew its stake in AON by 0.9% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock worth $1,108,000 after buying an additional 28 shares during the last quarter. Sunflower Bank N.A. boosted its holdings in shares of AON by 1.8% during the second quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock valued at $598,000 after acquiring an additional 30 shares during the period. MBL Wealth LLC grew its position in shares of AON by 2.1% during the first quarter. MBL Wealth LLC now owns 1,503 shares of the financial services provider’s stock worth $600,000 after acquiring an additional 31 shares during the last quarter. Focus Financial Network Inc. increased its holdings in shares of AON by 5.7% in the 2nd quarter. Focus Financial Network Inc. now owns 577 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 31 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. lifted its position in AON by 3.1% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,057 shares of the financial services provider’s stock valued at $422,000 after purchasing an additional 32 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on AON. Evercore ISI upped their target price on shares of AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Wolfe Research initiated coverage on AON in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Barclays reaffirmed an “equal weight” rating and set a $379.00 target price (down previously from $420.00) on shares of AON in a research note on Thursday, November 20th. Citigroup upgraded AON from a “neutral” rating to a “buy” rating and set a $402.00 price target for the company in a research report on Monday, November 3rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of AON in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $416.56.

AON Price Performance

Shares of NYSE:AON opened at $347.62 on Friday. The stock has a market cap of $74.71 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 1.96 and a beta of 0.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.35 and a quick ratio of 1.35. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The stock’s 50 day moving average price is $348.75 and its 200 day moving average price is $356.86.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.14. AON had a return on equity of 48.88% and a net margin of 15.96%.The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the firm earned $2.72 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, November 3rd. AON’s dividend payout ratio is presently 23.88%.

AON Company 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.