Intech Investment Management LLC Buys 36,800 Shares of Aon plc $AON

Intech Investment Management LLC boosted its position in Aon plc (NYSE:AON) by 420.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,557 shares of the financial services provider’s stock after acquiring an additional 36,800 shares during the quarter. Intech Investment Management LLC’s holdings in AON were worth $16,253,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. U.S. Capital Wealth Advisors LLC boosted its holdings in AON by 0.9% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock valued at $1,108,000 after acquiring an additional 28 shares during the period. HHM Wealth Advisors LLC increased its stake in shares of AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after buying an additional 29 shares during the period. Sunflower Bank N.A. boosted its position in AON by 1.8% during the 2nd quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock valued at $598,000 after buying an additional 30 shares during the period. MBL Wealth LLC grew its holdings in AON by 2.1% in the 1st quarter. MBL Wealth LLC now owns 1,503 shares of the financial services provider’s stock worth $600,000 after acquiring an additional 31 shares during the last quarter. Finally, Focus Financial Network Inc. increased its position in shares of AON by 5.7% in the second quarter. Focus Financial Network Inc. now owns 577 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 31 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AON. Roth Capital restated a “buy” rating and set a $390.00 price target on shares of AON in a report on Tuesday, November 4th. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th. UBS Group decreased their price target on shares of AON from $400.00 to $390.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Evercore ISI raised their price objective on AON from $427.00 to $435.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Finally, Keefe, Bruyette & Woods dropped their target price on AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, AON currently has a consensus rating of “Moderate Buy” and an average price target of $419.13.

AON Stock Performance

NYSE:AON opened at $349.98 on Friday. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. The stock has a 50-day moving average price of $351.87 and a 200 day moving average price of $357.56. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $75.22 billion, a P/E ratio of 29.31, a P/E/G ratio of 1.92 and a beta of 0.86.

AON (NYSE:AON) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.72 earnings per share. Equities research analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were paid a dividend of $0.745 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. AON’s dividend payout ratio is currently 23.88%.

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.