MBB Public Markets I LLC Buys New Shares in Aon plc $AON

MBB Public Markets I LLC acquired a new stake in Aon plc (NYSE:AON) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 810 shares of the financial services provider’s stock, valued at approximately $323,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new stake in AON in the first quarter valued at approximately $28,000. Saudi Central Bank bought a new stake in AON during the 1st quarter valued at $31,000. HHM Wealth Advisors LLC increased its stake in AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 29 shares in the last quarter. Tsfg LLC bought a new stake in AON during the 1st quarter valued at $37,000. Finally, Accent Capital Management LLC bought a new stake in AON during the 1st quarter valued at $40,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AON. Wells Fargo & Company restated an “overweight” rating and set a $438.00 price target (up previously from $436.00) on shares of AON in a research note on Thursday, July 10th. Barclays restated an “overweight” rating and set a $420.00 price target (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Citigroup began coverage on shares of AON in a research note on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price target for the company. Morgan Stanley restated a “cautious” rating on shares of AON in a research note on Monday, August 18th. Finally, The Goldman Sachs Group raised shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 price objective on the stock in a report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $412.69.

AON Price Performance

AON opened at $369.69 on Tuesday. The firm’s fifty day moving average price is $362.81 and its two-hundred day moving average price is $368.94. The company has a market capitalization of $79.72 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 2.20 and a beta of 0.87. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52.

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

AON Announces Dividend

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

AON 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.