Quadrant Capital Group LLC Purchases 2,032 Shares of Aon plc $AON

Quadrant Capital Group LLC boosted its holdings in Aon plc (NYSE:AON) by 43.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,666 shares of the financial services provider’s stock after acquiring an additional 2,032 shares during the quarter. Quadrant Capital Group LLC’s holdings in AON were worth $2,378,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vinva Investment Management Ltd grew its position in AON by 10.1% in the 2nd quarter. Vinva Investment Management Ltd now owns 7,821 shares of the financial services provider’s stock worth $2,759,000 after purchasing an additional 719 shares during the period. Employees Retirement System of Texas increased its position in AON by 88.1% during the second quarter. Employees Retirement System of Texas now owns 20,174 shares of the financial services provider’s stock valued at $7,197,000 after acquiring an additional 9,448 shares during the last quarter. Choreo LLC lifted its holdings in AON by 13.1% in the second quarter. Choreo LLC now owns 7,490 shares of the financial services provider’s stock valued at $2,672,000 after acquiring an additional 870 shares during the period. Northwest & Ethical Investments L.P. purchased a new position in AON in the second quarter worth about $928,000. Finally, Russell Investments Group Ltd. increased its position in shares of AON by 1.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 291,660 shares of the financial services provider’s stock valued at $104,022,000 after purchasing an additional 3,354 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Up 0.6%

Shares of NYSE AON opened at $353.09 on Friday. The firm has a market capitalization of $75.89 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 1.92 and a beta of 0.86. 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 $349.13 and a 200 day moving average price of $357.13. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97.

AON (NYSE:AON) last released its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, beating the consensus estimate of $2.91 by $0.14. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.97 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.72 earnings per share. Sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.745 per share. The ex-dividend date was Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. AON’s dividend payout ratio is presently 23.88%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wolfe Research initiated coverage on AON in a research note on Monday, September 15th. They issued a “peer perform” rating for the company. Roth Capital restated a “buy” rating and issued a $390.00 price target on shares of AON in a research report on Tuesday, November 4th. Weiss Ratings raised AON from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. TD Cowen cut their price objective on AON from $419.00 to $416.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, Barclays restated an “equal weight” rating and set a $379.00 target price (down previously from $420.00) on shares of AON in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, AON presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.56.

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.