1,035 Shares in Aon plc $AON Bought by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. bought a new position in shares of Aon plc (NYSE:AON) during the 1st quarter, HoldingsChannel reports. The firm bought 1,035 shares of the financial services provider’s stock, valued at approximately $413,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AON. Polen Capital Management LLC grew its stake in AON by 318.1% during the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock worth $1,200,350,000 after buying an additional 2,288,397 shares during the last quarter. Nuveen LLC acquired a new stake in AON during the 1st quarter worth about $505,108,000. Wellington Management Group LLP acquired a new stake in AON during the 1st quarter worth about $490,634,000. GAMMA Investing LLC lifted its position in AON by 56,460.0% during the 1st quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider’s stock worth $304,052,000 after acquiring an additional 760,516 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in AON by 18.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider’s stock worth $1,210,864,000 after acquiring an additional 469,238 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Performance

NYSE AON opened at $365.96 on Tuesday. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The stock has a 50-day moving average of $357.64 and a 200 day moving average of $370.56. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $78.91 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 2.17 and a beta of 0.83.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the business earned $2.93 EPS. AON’s quarterly revenue was up 10.5% on a year-over-year basis. Sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 1st. AON’s payout ratio is 24.96%.

Analyst Upgrades and Downgrades

AON has been the subject of a number of research reports. Citigroup initiated coverage on AON in a research report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price target for the company. Barclays reaffirmed an “overweight” rating and set a $420.00 price target (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Wells Fargo & Company reissued an “overweight” rating and issued a $438.00 price objective (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Jefferies Financial Group raised AON from a “hold” rating to a “buy” rating and boosted their price objective for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group raised AON from a “neutral” rating to a “buy” rating and set a $408.00 price objective for the company in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $409.18.

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.