Edgestream Partners L.P. Increases Stock Position in Aon plc (NYSE:AON)

Edgestream Partners L.P. raised its holdings in Aon plc (NYSE:AON) by 587.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,623 shares of the financial services provider’s stock after purchasing an additional 8,223 shares during the period. Edgestream Partners L.P.’s holdings in AON were worth $3,456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AON. Diamond Hill Capital Management Inc. purchased a new stake in shares of AON in the third quarter valued at about $336,375,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of AON by 334.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock valued at $363,475,000 after purchasing an additional 808,990 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of AON by 43,000.8% during the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after buying an additional 390,017 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of AON by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after buying an additional 343,592 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of AON during the fourth quarter valued at approximately $86,435,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AON. Keefe, Bruyette & Woods upped their price objective on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. upped their price objective on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Wells Fargo & Company upped their price target on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada upped their price target on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $386.21.

AON Price Performance

AON stock opened at $402.94 on Friday. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The firm has a fifty day moving average of $377.28 and a 200-day moving average of $366.85. The firm has a market capitalization of $87.03 billion, a P/E ratio of 31.83, a PEG ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period last year, the company earned $3.89 earnings per share. As a group, analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is 21.33%.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.