Aon plc (NYSE:AON) Shares Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI grew its stake in shares of Aon plc (NYSE:AONFree Report) by 1.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 25,740 shares of the financial services provider’s stock after acquiring an additional 449 shares during the period. Citizens Financial Group Inc. RI’s holdings in AON were worth $7,557,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC purchased a new position in AON in the fourth quarter valued at about $31,000. Y.D. More Investments Ltd acquired a new position in AON during the second quarter worth $31,000. Rise Advisors LLC purchased a new stake in AON during the first quarter worth $37,000. LRI Investments LLC acquired a new stake in AON in the first quarter valued at $55,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

NYSE:AON opened at $347.85 on Monday. Aon plc has a 52-week low of $268.06 and a 52-week high of $352.49. 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 firm has a market cap of $75.63 billion, a P/E ratio of 27.26, a PEG ratio of 2.24 and a beta of 0.92. The business’s 50-day moving average price is $325.51 and its 200 day moving average price is $310.19.

AON (NYSE:AONGet Free Report) last released its earnings results 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 business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period in the prior year, the company earned $2.76 earnings per share. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, sell-side analysts predict that Aon plc will post 15.23 earnings per share for the current fiscal year.

AON Announces Dividend

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

Analyst Upgrades and Downgrades

AON has been the subject of a number of research reports. Royal Bank of Canada restated a “sector perform” rating and set a $335.00 target price on shares of AON in a research report on Monday, August 5th. Wells Fargo & Company boosted their target price on shares of AON from $287.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Citigroup began coverage on AON in a research report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price objective for the company. Keefe, Bruyette & Woods upgraded shares of AON from an “underperform” rating to an “outperform” rating and increased their price objective for the stock from $313.00 to $380.00 in a report on Tuesday, July 30th. Finally, Barclays assumed coverage on shares of AON in a research note on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $337.27.

Get Our Latest Stock Analysis on AON

About AON

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon plc (NYSE:AONFree Report).

Institutional Ownership by Quarter for AON (NYSE:AON)

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