D.A. Davidson & CO. Buys 116 Shares of Aon plc (NYSE:AON)

D.A. Davidson & CO. boosted its position in Aon plc (NYSE:AONFree Report) by 4.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,584 shares of the financial services provider’s stock after acquiring an additional 116 shares during the period. D.A. Davidson & CO.’s holdings in AON were worth $838,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AON. Moneta Group Investment Advisors LLC raised its stake in AON by 106,777.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,817,279 shares of the financial services provider’s stock valued at $845,578,000 after acquiring an additional 2,814,643 shares during the period. Norges Bank bought a new stake in AON in the 4th quarter valued at about $341,922,000. C WorldWide Group Holding A S bought a new stake in shares of AON during the second quarter valued at about $271,770,000. Sustainable Growth Advisers LP increased its position in shares of AON by 41.8% during the second quarter. Sustainable Growth Advisers LP now owns 2,547,402 shares of the financial services provider’s stock valued at $879,363,000 after buying an additional 751,015 shares during the period. Finally, Morgan Stanley increased its position in shares of AON by 38.7% during the fourth quarter. Morgan Stanley now owns 2,223,478 shares of the financial services provider’s stock valued at $667,355,000 after buying an additional 620,067 shares during the period. 86.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AON has been the topic of several analyst reports. Keefe, Bruyette & Woods cut AON from a “market perform” rating to an “underperform” rating and set a $328.00 price target on the stock. in a research report on Friday, December 15th. The Goldman Sachs Group decreased their price target on AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 9th. JPMorgan Chase & Co. upgraded AON from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $351.00 to $321.00 in a research report on Monday, January 8th. Wells Fargo & Company decreased their price target on AON from $304.00 to $295.00 and set an “underweight” rating on the stock in a research report on Thursday, December 21st. Finally, TD Cowen initiated coverage on shares of AON in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $336.36.

Read Our Latest Research Report on AON

Insiders Place Their Bets

In related news, Director Lester B. Knight acquired 50,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was purchased at an average price of $301.97 per share, with a total value of $15,098,500.00. Following the completion of the purchase, the director now owns 134,000 shares in the company, valued at approximately $40,463,980. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.15% of the stock is owned by insiders.

AON Stock Down 0.8 %

Shares of AON opened at $310.03 on Tuesday. The firm has a market cap of $62.07 billion, a P/E ratio of 24.84, a P/E/G ratio of 1.89 and a beta of 0.86. The stock has a 50 day simple moving average of $303.20 and a two-hundred day simple moving average of $318.13. The company has a debt-to-equity ratio of 61.66, a current ratio of 1.27 and a quick ratio of 1.41. Aon plc has a 1 year low of $280.89 and a 1 year high of $347.37.

AON (NYSE:AONGet Free Report) last issued its earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.07 by ($0.18). The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.36 billion. AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.89 EPS. On average, analysts forecast that Aon plc will post 15.93 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a $0.615 dividend. This represents a $2.46 annualized dividend and a yield of 0.79%. The ex-dividend date is Wednesday, January 31st. AON’s dividend payout ratio is currently 19.71%.

AON Company Profile

(Free Report)

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.

Further Reading

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Institutional Ownership by Quarter for AON (NYSE:AON)

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