Stoneridge Investment Partners LLC Buys New Shares in Aon plc $AON

Stoneridge Investment Partners LLC purchased a new stake in Aon plc (NYSE:AON) in the second quarter, HoldingsChannel reports. The fund purchased 1,717 shares of the financial services provider’s stock, valued at approximately $619,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AON. Wealth Watch Advisors INC bought a new stake in shares of AON in the third quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. bought a new position in AON during the fourth quarter valued at about $27,000. Kemnay Advisory Services Inc. bought a new position in AON during the fourth quarter valued at about $29,000. Strive Asset Management LLC acquired a new position in AON in the 3rd quarter valued at approximately $35,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of AON in the 3rd quarter worth approximately $37,000. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AON. Weiss Ratings restated a “hold (c)” rating on shares of AON in a research report on Friday, July 17th. Keefe, Bruyette & Woods raised their target price on AON from $400.00 to $412.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Morgan Stanley boosted their price target on shares of AON from $370.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Cantor Fitzgerald increased their price objective on shares of AON from $416.00 to $445.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Mizuho raised their price objective on shares of AON from $426.00 to $437.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, AON has an average rating of “Moderate Buy” and an average price target of $410.75.

Insider Activity at AON

In other news, General Counsel Darren Zeidel sold 1,900 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total value of $717,744.00. Following the sale, the general counsel owned 11,504 shares in the company, valued at approximately $4,345,751.04. The trade was a 14.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 4,450 shares of company stock valued at $1,659,242. 1.00% of the stock is currently owned by insiders.

AON Trading Down 0.4%

AON stock opened at $355.61 on Friday. Aon plc has a 1-year low of $304.59 and a 1-year high of $382.34. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.34. The business’s 50 day moving average is $348.55 and its 200-day moving average is $333.12. The firm has a market cap of $75.43 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.84 and a beta of 0.69.

AON (NYSE:AON) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, topping the consensus estimate of $3.80 by $0.01. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%.AON’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $3.49 EPS. Equities analysts anticipate that Aon plc will post 19.05 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. AON’s dividend payout ratio (DPR) is presently 18.08%.

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.