Aon plc (NYSE:AON) Shares Acquired by Eaton Vance Management


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Eaton Vance Management boosted its holdings in Aon plc (NYSE:AON) by 2.0% during the fourth quarter, HoldingsChannel reports. The fund owned 164,842 shares of the financial services provider’s stock after buying an additional 3,196 shares during the period. Eaton Vance Management’s holdings in AON were worth $34,827,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AON. Canada Pension Plan Investment Board increased its position in shares of AON by 1,813.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 233,148 shares of the financial services provider’s stock valued at $49,257,000 after acquiring an additional 220,963 shares during the last quarter. Pendal Group Limited boosted its stake in shares of AON by 22.4% in the fourth quarter. Pendal Group Limited now owns 5,899 shares of the financial services provider’s stock valued at $1,247,000 after purchasing an additional 1,081 shares during the period. Rothschild Investment Corp IL acquired a new position in shares of AON in the fourth quarter worth $2,204,000. Madison Wealth Management increased its position in shares of AON by 3.8% during the fourth quarter. Madison Wealth Management now owns 7,195 shares of the financial services provider’s stock worth $1,520,000 after acquiring an additional 265 shares during the period. Finally, Colony Group LLC boosted its holdings in AON by 9.8% in the third quarter. Colony Group LLC now owns 1,336 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 119 shares during the period. 95.71% of the stock is owned by institutional investors.

NYSE AON opened at $236.27 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $53.39 billion, a P/E ratio of 30.49 and a beta of 0.83. Aon plc has a 52-week low of $167.45 and a 52-week high of $236.67. The firm has a 50-day moving average price of $228.84 and a 200 day moving average price of $211.83.

AON (NYSE:AON) last posted its quarterly earnings results on Thursday, February 4th. The financial services provider reported $2.62 EPS for the quarter, beating the consensus estimate of $2.46 by $0.16. AON had a return on equity of 65.00% and a net margin of 16.56%. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period last year, the firm earned $2.53 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts expect that Aon plc will post 9.66 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 12th. Shareholders of record on Monday, February 1st were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, January 29th. This represents a $1.84 annualized dividend and a yield of 0.78%. AON’s payout ratio is currently 20.07%.

AON has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on AON from $219.00 to $236.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 30th. Deutsche Bank Aktiengesellschaft increased their target price on AON from $196.00 to $205.00 and gave the company a “hold” rating in a report on Monday, February 8th. Atlantic Securities raised AON from a “neutral” rating to an “overweight” rating and set a $265.00 price target for the company in a report on Thursday, February 11th. Wells Fargo & Company increased their price objective on AON from $256.00 to $275.00 and gave the company an “overweight” rating in a report on Monday, February 8th. Finally, Zacks Investment Research upgraded AON from a “hold” rating to a “buy” rating and set a $237.00 target price for the company in a research note on Tuesday, February 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. AON presently has a consensus rating of “Buy” and an average price target of $224.46.

AON Company Profile

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, cyber, and global risk consulting solutions, as well as acts as a captive insurance solutions provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

Further Reading: Technical Analysis

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Institutional Ownership by Quarter for AON (NYSE:AON)

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