Aon PLC (NYSE:AON) Stock Holdings Boosted by Pictet Asset Management Ltd.
Pictet Asset Management Ltd. raised its position in shares of Aon PLC (NYSE:AON) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 124,328 shares of the financial services provider’s stock after purchasing an additional 5,000 shares during the quarter. Pictet Asset Management Ltd. owned about 0.05% of AON worth $23,993,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Northern Trust Corp boosted its stake in AON by 0.8% during the 2nd quarter. Northern Trust Corp now owns 2,896,504 shares of the financial services provider’s stock valued at $558,968,000 after purchasing an additional 23,391 shares in the last quarter. Natixis Advisors L.P. boosted its stake in AON by 3.9% during the 2nd quarter. Natixis Advisors L.P. now owns 207,167 shares of the financial services provider’s stock valued at $39,979,000 after purchasing an additional 7,691 shares in the last quarter. Tiverton Asset Management LLC boosted its stake in AON by 88.5% during the 2nd quarter. Tiverton Asset Management LLC now owns 58,374 shares of the financial services provider’s stock valued at $11,264,000 after purchasing an additional 27,400 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in AON by 50.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 15,660 shares of the financial services provider’s stock valued at $3,022,000 after purchasing an additional 5,245 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in AON during the 2nd quarter valued at $1,041,000. 85.83% of the stock is owned by hedge funds and other institutional investors.
AON has been the subject of a number of research reports. Morgan Stanley increased their price target on AON from $197.00 to $200.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Wells Fargo & Co reissued a “hold” rating and set a $195.00 price objective on shares of AON in a research note on Friday, July 26th. Atlantic Securities lowered AON from an “overweight” rating to a “neutral” rating and set a $190.00 price objective for the company. in a research note on Friday, June 14th. MKM Partners raised AON to a “buy” rating and raised their price objective for the stock from $210.00 to $225.00 in a research note on Monday, June 24th. Finally, Barclays set a $190.00 price objective on AON and gave the stock a “hold” rating in a research note on Monday, August 12th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $186.64.
Shares of AON traded up $1.76 during trading hours on Friday, hitting $191.52. 206,819 shares of the company were exchanged, compared to its average volume of 705,891. The company has a market capitalization of $44.17 billion, a PE ratio of 23.47, a PEG ratio of 1.73 and a beta of 0.86. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a fifty day simple moving average of $191.77 and a 200-day simple moving average of $183.25. Aon PLC has a one year low of $135.30 and a one year high of $198.61.
AON (NYSE:AON) last released its quarterly earnings data on Friday, July 26th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.01). The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.69 billion. AON had a return on equity of 48.75% and a net margin of 13.14%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 earnings per share. Sell-side analysts expect that Aon PLC will post 9.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a $0.44 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.92%. AON’s payout ratio is currently 21.57%.
AON Company Profile
Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
Further Reading: What is a short straddle?
Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon PLC (NYSE:AON).
Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.