Y Intercept Hong Kong Ltd Takes Position in Aon plc $AON

Y Intercept Hong Kong Ltd acquired a new position in Aon plc (NYSE:AON) in the third quarter, Holdings Channel reports. The firm acquired 5,129 shares of the financial services provider’s stock, valued at approximately $1,829,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in shares of AON by 2.2% during the second quarter. Janney Montgomery Scott LLC now owns 11,478 shares of the financial services provider’s stock worth $4,095,000 after purchasing an additional 248 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in AON by 5.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 57,175 shares of the financial services provider’s stock valued at $20,398,000 after purchasing an additional 3,067 shares during the last quarter. Pure Financial Advisors LLC increased its position in AON by 3.1% in the 2nd quarter. Pure Financial Advisors LLC now owns 10,632 shares of the financial services provider’s stock worth $3,793,000 after purchasing an additional 315 shares during the last quarter. ASR Vermogensbeheer N.V. raised its stake in shares of AON by 27.8% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 19,865 shares of the financial services provider’s stock worth $7,087,000 after purchasing an additional 4,326 shares in the last quarter. Finally, First National Bank & Trust Co. of Newtown grew its stake in shares of AON by 565.8% in the 2nd quarter. First National Bank & Trust Co. of Newtown now owns 6,658 shares of the financial services provider’s stock valued at $2,375,000 after buying an additional 5,658 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Citigroup upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $402.00 price target on the stock in a research note on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of AON in a report on Monday, December 29th. Wells Fargo & Company lowered their price objective on AON from $449.00 to $448.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Mizuho set a $387.00 target price on AON in a research report on Wednesday, January 14th. Finally, Barclays boosted their price objective on shares of AON from $379.00 to $381.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. Twelve analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $408.47.

AON Price Performance

NYSE:AON opened at $342.56 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market cap of $73.63 billion, a P/E ratio of 27.45, a PEG ratio of 1.70 and a beta of 0.84. The company has a fifty day moving average price of $347.81 and a 200 day moving average price of $353.79. Aon plc has a one year low of $323.73 and a one year high of $412.97.

AON (NYSE:AON) last released its earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.76 by $0.09. The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.38 billion. AON had a net margin of 15.96% and a return on equity of 48.88%. 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 will be paid on Friday, February 13th. Investors of record on Monday, February 2nd will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, February 2nd. AON’s dividend payout ratio (DPR) is 23.88%.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.