Edgestream Partners L.P. Grows Holdings in Aon plc $AON

Edgestream Partners L.P. boosted its holdings in shares of Aon plc (NYSE:AON) by 121.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,825 shares of the financial services provider’s stock after purchasing an additional 1,552 shares during the period. Edgestream Partners L.P.’s holdings in AON were worth $1,008,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Saudi Central Bank acquired a new stake in shares of AON during the first quarter worth about $31,000. Atlantic Union Bankshares Corp purchased a new stake in AON during the 2nd quarter valued at approximately $31,000. Pinnacle Bancorp Inc. lifted its position in AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 33 shares during the period. Trust Co. of Toledo NA OH purchased a new position in shares of AON in the 2nd quarter valued at approximately $32,000. Finally, Financial Network Wealth Advisors LLC acquired a new position in shares of AON in the first quarter valued at approximately $55,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Trading Down 0.9%

Shares of AON stock opened at $344.66 on Friday. The company has a 50-day moving average of $348.52 and a two-hundred day moving average of $356.69. The stock has a market cap of $74.08 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 1.97 and a beta of 0.84. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.86. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97.

AON (NYSE:AON) last released its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.97 billion. AON had a return on equity of 48.88% and a net margin of 15.96%.The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.72 EPS. On average, research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were given a $0.745 dividend. The ex-dividend date was Monday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. AON’s payout ratio is currently 23.88%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AON. Wells Fargo & Company decreased their price target on AON from $451.00 to $448.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. UBS Group dropped their price target on shares of AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $385.00 to $430.00 in a report on Thursday, September 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $416.56.

AON Company Profile

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.