Banque Cantonale Vaudoise Invests $3.28 Million in Aon plc (NYSE:AON)

Banque Cantonale Vaudoise acquired a new stake in shares of Aon plc (NYSE:AON) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,226 shares of the financial services provider’s stock, valued at approximately $3,282,000.

Other hedge funds also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new position in AON during the first quarter valued at approximately $28,000. Tsfg LLC purchased a new position in AON during the first quarter valued at approximately $37,000. Garde Capital Inc. purchased a new position in AON during the first quarter valued at approximately $42,000. Meeder Asset Management Inc. grew its stake in AON by 111.3% during the first quarter. Meeder Asset Management Inc. now owns 112 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 59 shares in the last quarter. Finally, Nemes Rush Group LLC purchased a new position in AON during the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Trading Down 4.1%

NYSE:AON opened at $354.07 on Wednesday. The company has a fifty day moving average of $358.20 and a 200 day moving average of $370.91. Aon plc has a 52 week low of $322.21 and a 52 week high of $412.97. The company has a quick ratio of 1.73, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $76.46 billion, a P/E ratio of 29.65, a P/E/G ratio of 2.20 and a beta of 0.84.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period in the prior year, the business posted $2.93 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. On average, research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.745 per share. The ex-dividend date is Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. AON’s dividend payout ratio is currently 24.96%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AON. Barclays reduced their price objective on shares of AON from $415.00 to $401.00 and set an “overweight” rating for the company in a research note on Monday, July 7th. The Goldman Sachs Group raised shares of 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. Keefe, Bruyette & Woods cut their price target on shares of AON from $414.00 to $409.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price target on shares of AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group boosted their price target on shares of AON from $396.00 to $416.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, AON currently has an average rating of “Hold” and a consensus price target of $407.14.

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.