676 Shares in Aon plc (NYSE:AON) Acquired by HCR Wealth Advisors

HCR Wealth Advisors purchased a new position in shares of Aon plc (NYSE:AON) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 676 shares of the financial services provider’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. waypoint wealth counsel lifted its stake in AON by 3.6% in the 3rd quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 32 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in AON by 7.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 536 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 37 shares during the last quarter. Proficio Capital Partners LLC increased its position in AON by 3.9% in 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 during the last quarter. Avantax Advisory Services Inc. increased its position in AON by 5.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 38 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in AON by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 1,724 shares of the financial services provider’s stock worth $502,000 after purchasing an additional 39 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Performance

AON opened at $355.15 on Friday. The firm has a market capitalization of $77.15 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. The stock’s 50 day moving average price is $342.73 and its two-hundred day moving average price is $314.29. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. Aon plc has a 12-month low of $268.06 and a 12-month high of $360.95.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a return on equity of 252.81% and a net margin of 18.00%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the business posted $2.76 EPS. AON’s revenue was up 18.4% compared to the same quarter last year. On average, equities analysts forecast that Aon plc will post 15.22 earnings per share for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.76%. AON’s dividend payout ratio is currently 21.58%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Jefferies Financial Group upped their target price on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Bank of America increased their price objective on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and set a $335.00 price objective on shares of AON in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, AON currently has an average rating of “Hold” and a consensus target price of $347.06.

AON Profile

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.