PDS Planning Inc Has $542,000 Stake in Aon plc $AON

PDS Planning Inc boosted its stake in shares of Aon plc (NYSE:AON) by 57.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,519 shares of the financial services provider’s stock after purchasing an additional 554 shares during the quarter. PDS Planning Inc’s holdings in AON were worth $542,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AON. Farther Finance Advisors LLC lifted its holdings in shares of AON by 26.0% during the first quarter. Farther Finance Advisors LLC now owns 1,265 shares of the financial services provider’s stock valued at $505,000 after acquiring an additional 261 shares during the period. GAMMA Investing LLC lifted its holdings in shares of AON by 41.7% during the first quarter. GAMMA Investing LLC now owns 1,909 shares of the financial services provider’s stock valued at $762,000 after acquiring an additional 562 shares during the period. Integrated Advisors Network LLC lifted its holdings in shares of AON by 33.3% during the first quarter. Integrated Advisors Network LLC now owns 904 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 226 shares during the period. Focus Financial Network Inc. bought a new position in shares of AON during the first quarter valued at $218,000. Finally, Simon Quick Advisors LLC lifted its holdings in shares of AON by 38.9% during the first quarter. Simon Quick Advisors LLC now owns 1,425 shares of the financial services provider’s stock valued at $569,000 after acquiring an additional 399 shares during the period. 86.14% of the stock is owned by institutional investors.

AON Price Performance

Shares of AON stock opened at $359.82 on Friday. The stock has a 50-day moving average price of $364.41 and a 200 day moving average price of $362.78. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The firm has a market cap of $77.59 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 2.14 and a beta of 0.89. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.40 by $0.09. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The company’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the company earned $2.93 earnings per share. Research analysts expect that Aon plc will post 17.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AON shares. Weiss Ratings restated a “buy (b-)” rating on shares of AON in a research note on Wednesday. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $385.00 to $430.00 in a research note on Thursday, September 11th. Citigroup started coverage on AON in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 target price for the company. JPMorgan Chase & Co. lowered their target price on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and raised their target price for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $420.00.

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.