Deltec Asset Management LLC Acquires Shares of 2,000 Aon plc $AON

Deltec Asset Management LLC acquired a new stake in shares of Aon plc (NYSE:AON) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,000 shares of the financial services provider’s stock, valued at approximately $714,000.

Other hedge funds have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. purchased a new position in AON during the 1st quarter valued at $28,000. Saudi Central Bank purchased a new position in AON during the 1st quarter valued at $31,000. Pinnacle Bancorp Inc. increased its position in AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 33 shares during the period. HHM Wealth Advisors LLC increased its position in AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 29 shares during the period. Finally, Tsfg LLC bought a new stake in shares of AON during the 1st quarter valued at $37,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on AON shares. Barclays restated an “overweight” rating and set a $420.00 target price (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and upped their price target for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. Citigroup began coverage on shares of AON in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 price target on the stock. Morgan Stanley upgraded shares of AON from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $385.00 to $430.00 in a research note on Thursday, September 11th. Finally, Wolfe Research initiated coverage on AON in a research report on Monday, September 15th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $414.69.

AON Price Performance

NYSE AON opened at $356.51 on Wednesday. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The firm has a market capitalization of $76.87 billion, a P/E ratio of 29.86, a PEG ratio of 2.10 and a beta of 0.87. 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 company has a 50-day moving average price of $363.82 and a 200-day moving average price of $364.42.

AON (NYSE:AON) last released its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.40 by $0.09. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.93 EPS. Equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 1st. AON’s dividend payout ratio is currently 24.96%.

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.