Meeder Advisory Services Inc. Buys 643 Shares of Aon plc (NYSE:AON)

Meeder Advisory Services Inc. increased its stake in shares of Aon plc (NYSE:AON) by 21.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,650 shares of the financial services provider’s stock after acquiring an additional 643 shares during the quarter. Meeder Advisory Services Inc.’s holdings in AON were worth $1,072,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Proficio Capital Partners LLC boosted its position in shares of AON by 3.9% during the 1st quarter. Proficio Capital Partners LLC now owns 1,016 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 38 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in AON by 5.5% in the first quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 38 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of AON by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,724 shares of the financial services provider’s stock valued at $502,000 after acquiring an additional 39 shares in the last quarter. Essex Financial Services Inc. raised its position in shares of AON by 4.0% during the second quarter. Essex Financial Services Inc. now owns 1,036 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 40 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of AON by 11.1% in the 1st quarter. GAMMA Investing LLC now owns 410 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 41 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AON has been the topic of several research reports. Royal Bank of Canada restated a “sector perform” rating and set a $335.00 price objective on shares of AON in a report on Monday, August 5th. Morgan Stanley cut their price target on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Barclays began coverage on AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective for the company. Citigroup assumed coverage on AON in a research report on Wednesday, May 22nd. They set a “neutral” rating and a $309.00 target price on the stock. Finally, Wells Fargo & Company raised their price objective on AON from $287.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $337.27.

AON Stock Down 0.1 %

AON opened at $347.85 on Friday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. The stock has a market cap of $75.57 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 2.22 and a beta of 0.92. Aon plc has a twelve month low of $268.06 and a twelve month high of $352.49. The company’s 50-day moving average price is $325.51 and its two-hundred day moving average price is $310.28.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter in the previous year, the company posted $2.76 EPS. AON’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, equities analysts expect that Aon plc will post 15.23 earnings per share for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s dividend payout ratio is currently 21.16%.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.