Heritage Family Offices LLP Buys 47 Shares of Aon plc (NYSE:AON)

Heritage Family Offices LLP boosted its stake in Aon plc (NYSE:AON) by 1.9% in the 3rd quarter, Holdings Channel reports. The firm owned 2,528 shares of the financial services provider’s stock after acquiring an additional 47 shares during the quarter. Heritage Family Offices LLP’s holdings in AON were worth $875,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Y.D. More Investments Ltd bought a new position in shares of AON in the second quarter worth $31,000. Rise Advisors LLC bought a new position in AON in the 1st quarter worth about $37,000. Nemes Rush Group LLC purchased a new stake in shares of AON in the 2nd quarter valued at about $45,000. LRI Investments LLC bought a new stake in shares of AON during the 1st quarter valued at about $55,000. Finally, Bruce G. Allen Investments LLC increased its position in shares of AON by 52.7% in 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 last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of AON stock opened at $358.48 on Thursday. The firm has a market cap of $77.88 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. The company’s fifty day simple moving average is $344.73 and its two-hundred day simple moving average is $314.81. 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 $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 (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.76 EPS. As a group, equities analysts expect that Aon plc will post 15.22 EPS for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, November 1st. AON’s dividend payout ratio (DPR) is currently 21.58%.

Analysts Set New Price Targets

AON has been the subject of a number of research reports. Keefe, Bruyette & Woods raised shares of AON from an “underperform” rating to an “outperform” rating and boosted their price target for the stock from $313.00 to $380.00 in a research note on Tuesday, July 30th. Evercore ISI increased their target price on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Barclays assumed coverage on AON in a research note on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price target for the company. Bank of America raised their price objective on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Finally, 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 note on Thursday, July 11th. Two 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.