Quantinno Capital Management LP Grows Holdings in Aon plc (NYSE:AON)

Quantinno Capital Management LP grew its holdings in shares of Aon plc (NYSE:AON) by 80.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,341 shares of the financial services provider’s stock after acquiring an additional 7,291 shares during the period. Quantinno Capital Management LP’s holdings in AON were worth $5,869,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AON. Mufg Securities Americas Inc. bought a new position in AON during the fourth quarter worth $1,147,000. Nomura Holdings Inc. bought a new position in AON during the fourth quarter worth $2,560,000. Nearwater Capital Markets Ltd bought a new position in AON during the fourth quarter worth $14,366,000. Night Owl Capital Management LLC lifted its stake in AON by 4.7% during the fourth quarter. Night Owl Capital Management LLC now owns 152,650 shares of the financial services provider’s stock worth $54,826,000 after purchasing an additional 6,900 shares during the last quarter. Finally, NorthRock Partners LLC lifted its stake in AON by 274.7% during the fourth quarter. NorthRock Partners LLC now owns 3,646 shares of the financial services provider’s stock worth $1,310,000 after purchasing an additional 2,673 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AON shares. Jefferies Financial Group raised their price objective on AON from $396.00 to $416.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods reduced their price objective on AON from $414.00 to $409.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group upgraded AON from a “neutral” rating to a “buy” rating and set a $408.00 price objective on the stock in a research note on Tuesday. Evercore ISI dropped their target price on AON from $420.00 to $398.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Finally, Wells Fargo & Company increased their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $391.75.

AON Price Performance

Shares of AON opened at $362.10 on Friday. The firm has a market capitalization of $78.19 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a one year low of $275.07 and a one year high of $412.97. The stock’s fifty day moving average is $372.99 and its 200-day moving average is $375.07.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts’ consensus estimates of $6.04 by ($0.37). The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. AON’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period last year, the business posted $5.66 earnings per share. Equities analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.82%. This is a positive change from AON’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. AON’s dividend payout ratio (DPR) is 25.38%.

About AON

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.