Rhumbline Advisers Buys 17,015 Shares of Aon plc $AON

Rhumbline Advisers increased its holdings in shares of Aon plc (NYSE:AON) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 394,383 shares of the financial services provider’s stock after purchasing an additional 17,015 shares during the quarter. Rhumbline Advisers’ holdings in AON were worth $140,700,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Saudi Central Bank bought a new position in shares of AON in the 1st quarter valued at about $31,000. HHM Wealth Advisors LLC grew its holdings 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 last quarter. Atlantic Union Bankshares Corp bought a new position in shares of AON during the second quarter valued at approximately $31,000. Trust Co. of Toledo NA OH purchased a new stake in shares of AON in the second quarter worth approximately $32,000. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Price Performance

NYSE:AON opened at $346.58 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The stock’s 50-day moving average price is $349.72 and its 200-day moving average price is $357.32. The stock has a market capitalization of $74.49 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86.

AON (NYSE:AON) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.AON’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.72 earnings per share. As a group, equities 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 was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, November 3rd. AON’s payout ratio is presently 23.88%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Roth Capital reaffirmed a “buy” rating and issued a $390.00 price target on shares of AON in a research report on Tuesday, November 4th. Cantor Fitzgerald upgraded shares of AON to a “strong-buy” rating in a report on Wednesday, August 13th. Wolfe Research assumed coverage on shares of AON in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Finally, Barclays reissued an “equal weight” rating and issued a $379.00 price objective (down previously from $420.00) on shares of AON in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $416.56.

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.