Asset Dedication LLC Buys 69 Shares of Aon plc (NYSE:AON)

Asset Dedication LLC lifted its position in shares of Aon plc (NYSE:AON) by 8.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 892 shares of the financial services provider’s stock after purchasing an additional 69 shares during the period. Asset Dedication LLC’s holdings in AON were worth $309,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new stake in shares of AON during the second quarter worth about $31,000. Rise Advisors LLC purchased a new stake in shares of AON during the first quarter worth about $37,000. Nemes Rush Group LLC purchased a new stake in shares of AON during the second quarter worth about $45,000. LRI Investments LLC purchased a new stake in shares of AON during the first quarter worth about $55,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of AON by 52.7% during the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 58 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Price Performance

Shares of AON opened at $358.48 on Thursday. The company has a market capitalization of $77.88 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. 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 50 day moving average of $344.73 and a 200 day moving average of $314.81. Aon plc has a twelve month low of $268.06 and a twelve month high of $363.11.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share 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 for the quarter, compared to the consensus estimate of $3.74 billion. During the same period last year, the business earned $2.76 EPS. AON’s revenue was up 18.4% on a year-over-year basis. As a group, equities research analysts anticipate that Aon plc will post 15.22 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently announced 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 yield of 0.75%. The ex-dividend date of this dividend is Friday, November 1st. AON’s dividend payout ratio (DPR) is presently 21.58%.

Analysts Set New Price Targets

AON has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Jefferies Financial Group raised their price objective on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Evercore ISI raised their price objective on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods upgraded shares of AON from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from $313.00 to $380.00 in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Two 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. Based on data from MarketBeat, AON presently has a consensus rating of “Hold” and a consensus target price of $347.06.

AON Company 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.