17,590 Aon plc $AON Shares Acquired by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC boosted its holdings in Aon plc (NYSE:AON) by 693.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,128 shares of the financial services provider’s stock after buying an additional 17,590 shares during the period. Joel Isaacson & Co. LLC’s holdings in AON were worth $5,571,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Valued Wealth Advisors LLC raised its position in shares of AON by 693.8% during the 3rd quarter. Valued Wealth Advisors LLC now owns 127 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 111 shares during the last quarter. Silver Grove Financial Group Inc. lifted its stake in shares of AON by 1,073.9% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 1,843 shares of the financial services provider’s stock valued at $510,000 after purchasing an additional 1,686 shares during the period. Mesirow Financial Investment Management Inc. lifted its stake in shares of AON by 1,389.4% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 72,369 shares of the financial services provider’s stock valued at $20,030,000 after purchasing an additional 67,510 shares during the period. Keybank National Association OH boosted its position in shares of AON by 582.5% in the 3rd quarter. Keybank National Association OH now owns 48,914 shares of the financial services provider’s stock worth $13,538,000 after purchasing an additional 41,747 shares during the last quarter. Finally, 71 West Capital Partners boosted its position in shares of AON by 1,624.3% in the 3rd quarter. 71 West Capital Partners now owns 32,486 shares of the financial services provider’s stock worth $8,991,000 after purchasing an additional 30,602 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on AON. Roth Capital set a $380.00 price objective on AON and gave the company a “buy” rating in a report on Tuesday, September 1st. Bank of America increased their target price on AON from $298.00 to $327.00 and gave the company an “underperform” rating in a research note on Wednesday, July 15th. TD Cowen raised their target price on AON from $416.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, September 14th. Evercore decreased their target price on AON from $423.00 to $375.00 in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. lowered their price target on AON from $412.00 to $362.00 and set an “overweight” rating for the company in a research note on Thursday, October 1st. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $369.12.

AON Trading Up 0.0%

AON opened at $336.36 on Thursday. The firm’s fifty day moving average is $300.58 and its two-hundred day moving average is $325.94. The firm has a market cap of $71.36 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.77 and a beta of 0.63. Aon plc has a twelve month low of $266.33 and a twelve month high of $382.34. The company has a debt-to-equity ratio of 2.58, a quick ratio of 4.72 and a current ratio of 4.72.

AON (NYSE:AON) last announced its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.06. AON had a net margin of 22.24% and a return on equity of 40.46%. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the business earned $3.05 EPS. The firm’s revenue was up 2.6% on a year-over-year basis. Equities research analysts anticipate that Aon plc will post 18.47 EPS for the current year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Monday, November 2nd will be issued a dividend of $0.82 per share. The ex-dividend date is Monday, November 2nd. This represents a $3.28 annualized dividend and a yield of 1.0%. AON’s payout ratio is currently 17.96%.

Insiders Place Their Bets

In other AON news, Director Lester Knight bought 20,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was purchased at an average cost of $327.48 per share, with a total value of $6,549,600.00. Following the completion of the purchase, the director owned 163,000 shares in the company, valued at approximately $53,379,240. The trade was a 13.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

AON Company Profile

Aon plc is a global professional services firm that helps organizations manage risk and make decisions about their people and finances. Its services include insurance brokerage, risk consulting, reinsurance solutions, employee benefits consulting and retirement and investment advisory services. The company serves businesses and institutions across a broad range of industries and geographies. Aon was formed in 1982 as Ryan Insurance Group and adopted the Aon name in 1987. It is headquartered in Dublin, Ireland, and operates internationally.