Quantbot Technologies LP Purchases Shares of 11,123 Aon plc $AON

Key Points

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Quantbot Technologies LP acquired a new position in shares of Aon plc (NYSE:AON - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,123 shares of the financial services provider's stock, valued at approximately $4,439,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in AON by 1.3% during the first quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider's stock worth $7,893,382,000 after buying an additional 258,699 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of AON by 18.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider's stock valued at $1,210,864,000 after acquiring an additional 469,238 shares during the period. Polen Capital Management LLC boosted 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 acquiring an additional 2,288,397 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in AON by 2.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390,571 shares of the financial services provider's stock valued at $954,053,000 after purchasing an additional 61,350 shares during the period. Finally, Northern Trust Corp increased its stake in AON by 6.1% in the first quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider's stock valued at $914,163,000 after purchasing an additional 131,676 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a research report on Tuesday, May 13th. Morgan Stanley reaffirmed a "cautious" rating on shares of AON in a research note on Monday, August 18th. Keefe, Bruyette & Woods cut their price objective on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Jefferies Financial Group raised AON from a "hold" rating to a "buy" rating and increased their target price for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. Finally, Citigroup started coverage on shares of AON in a report on Wednesday, August 13th. They set a "neutral" rating and a $402.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $409.18.

AON Stock Down 0.2%

NYSE AON traded down $0.8030 during trading on Friday, hitting $374.4670. The stock had a trading volume of 1,190,563 shares, compared to its average volume of 1,472,991. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The company's 50-day moving average price is $359.36 and its two-hundred day moving average price is $370.57. The company has a market capitalization of $80.75 billion, a PE ratio of 31.36, a P/E/G ratio of 2.22 and a beta of 0.83.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.09. The company had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The business's quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $2.93 EPS. As a group, sell-side analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

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

AON 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.