Exchange Traded Concepts LLC Has $745,000 Stake in Aon plc $AON

Exchange Traded Concepts LLC boosted its holdings in shares of Aon plc (NYSE:AON) by 469.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,089 shares of the financial services provider’s stock after buying an additional 1,722 shares during the period. Exchange Traded Concepts LLC’s holdings in AON were worth $745,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB grew its holdings in AON by 6.6% during the second quarter. Nordea Investment Management AB now owns 17,062 shares of the financial services provider’s stock valued at $6,051,000 after purchasing an additional 1,061 shares during the period. Peak Financial Advisors LLC purchased a new position in shares of AON during the 2nd quarter valued at $2,464,000. Focus Partners Wealth grew its stake in shares of AON by 27.7% during the 1st quarter. Focus Partners Wealth now owns 125,834 shares of the financial services provider’s stock worth $50,219,000 after acquiring an additional 27,280 shares during the period. Arrowroot Family Office LLC purchased a new stake in AON in the 2nd quarter worth about $541,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in AON by 368.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 78,753 shares of the financial services provider’s stock valued at $28,096,000 after acquiring an additional 61,924 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Trading Down 0.0%

Shares of AON stock opened at $356.65 on Tuesday. The company has a market capitalization of $76.65 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.04 and a beta of 0.84. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The business’s fifty day moving average is $346.74 and its 200 day moving average is $355.40. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35.

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

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, November 3rd. AON’s dividend payout ratio (DPR) is currently 23.88%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AON shares. Keefe, Bruyette & Woods reduced their target price on shares of AON from $428.00 to $410.00 and set an “outperform” rating for the company in a research note on Tuesday, November 4th. Citigroup raised shares of AON from a “neutral” rating to a “buy” rating and set a $402.00 target price on the stock in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AON in a report on Monday, December 22nd. Wells Fargo & Company decreased their price objective on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Finally, Evercore ISI raised their target price on AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $413.18.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.