2,850 Shares in Aon plc $AON Bought by Fortis Capital Advisors LLC

Fortis Capital Advisors LLC bought a new position in Aon plc (NYSE:AON) in the first quarter, HoldingsChannel reports. The fund bought 2,850 shares of the financial services provider’s stock, valued at approximately $1,137,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Portside Wealth Group LLC increased its holdings in AON by 530.6% in the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider’s stock worth $4,412,000 after purchasing an additional 9,302 shares in the last quarter. WCM Investment Management LLC increased its holdings in AON by 0.3% in the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider’s stock worth $809,544,000 after purchasing an additional 6,038 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in AON by 5.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider’s stock worth $11,183,000 after purchasing an additional 1,489 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in AON by 425.3% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 1,544 shares in the last quarter. Finally, Ninety One North America Inc. increased its holdings in AON by 64.4% in the 1st quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider’s stock worth $2,986,000 after purchasing an additional 2,932 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AON shares. Barclays reaffirmed an “overweight” rating and issued a $420.00 target price (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. Jefferies Financial Group raised AON from a “hold” rating to a “buy” rating and increased their price target for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. The Goldman Sachs Group raised AON from a “neutral” rating to a “buy” rating and set a $408.00 price target for the company in a research note on Tuesday, May 13th. Wells Fargo & Company reissued an “overweight” rating and issued a $438.00 price target (up previously from $436.00) on shares of AON in a research note on Thursday, July 10th. Finally, Morgan Stanley reissued a “cautious” rating on shares of AON in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $412.69.

AON Trading Down 1.0%

Shares of AON stock opened at $366.20 on Wednesday. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a 50 day moving average price of $363.00 and a two-hundred day moving average price of $368.92. The stock has a market capitalization of $78.96 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 2.19 and a beta of 0.87.

AON (NYSE:AON) last posted its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the company earned $2.93 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, equities analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, August 1st. AON’s dividend payout ratio (DPR) is 24.96%.

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.