OLD National Bancorp IN Purchases 16,268 Shares of Aon plc $AON

OLD National Bancorp IN raised its position in shares of Aon plc (NYSE:AON) by 346.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,961 shares of the financial services provider’s stock after purchasing an additional 16,268 shares during the period. OLD National Bancorp IN’s holdings in AON were worth $7,474,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of AON by 4.7% in the first quarter. American Century Companies Inc. now owns 31,463 shares of the financial services provider’s stock valued at $12,557,000 after acquiring an additional 1,413 shares in the last quarter. Summit Financial LLC increased its position in AON by 10.5% during the 1st quarter. Summit Financial LLC now owns 724 shares of the financial services provider’s stock valued at $289,000 after purchasing an additional 69 shares during the period. Jump Financial LLC raised its holdings in shares of AON by 314.2% in the 1st quarter. Jump Financial LLC now owns 8,809 shares of the financial services provider’s stock valued at $3,516,000 after purchasing an additional 6,682 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of AON by 1,019.4% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 17,743 shares of the financial services provider’s stock worth $7,081,000 after purchasing an additional 16,158 shares during the period. Finally, Gabelli Funds LLC boosted its stake in shares of AON by 26.2% during the first quarter. Gabelli Funds LLC now owns 10,655 shares of the financial services provider’s stock valued at $4,252,000 after purchasing an additional 2,215 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Trading Up 0.1%

AON stock opened at $355.90 on Wednesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market cap of $76.49 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The stock has a 50-day moving average of $346.01 and a two-hundred day moving average of $355.29. Aon plc has a one year low of $323.73 and a one year high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.14. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. AON had a net margin of 15.96% and a return on equity of 48.88%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.72 earnings per share. On average, research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed 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. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, November 3rd. AON’s payout ratio is presently 23.88%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wolfe Research started coverage on AON in a report on Monday, September 15th. They set a “peer perform” rating for the company. Keefe, Bruyette & Woods decreased their price objective on AON from $428.00 to $410.00 and set an “outperform” rating for the company in a research note on Tuesday, November 4th. Mizuho initiated coverage on AON in a research note on Monday, December 15th. They issued a “neutral” rating and a $389.00 target price on the stock. Wells Fargo & Company decreased their price target on shares of AON from $451.00 to $448.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Finally, Evercore ISI lifted their price objective on shares of AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $413.18.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.