Onefund LLC Makes New Investment in Aon plc (NYSE:AON)

Onefund LLC acquired a new position in Aon plc (NYSE:AON) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 574 shares of the financial services provider’s stock, valued at approximately $206,000.

Several other hedge funds have also recently made changes to their positions in AON. Diamond Hill Capital Management Inc. bought a new position in shares of AON in the 3rd quarter worth about $336,375,000. Veritas Asset Management LLP raised its position in shares of AON by 41.6% in the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after acquiring an additional 883,761 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of AON by 334.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after acquiring an additional 808,990 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of AON by 43,000.8% in the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock worth $140,404,000 after acquiring an additional 390,017 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of AON by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock worth $921,182,000 after acquiring an additional 343,592 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

AON Price Performance

Shares of NYSE AON opened at $409.15 on Friday. Aon plc has a twelve month low of $268.06 and a twelve month high of $409.99. The stock’s 50 day moving average price is $372.88 and its 200-day moving average price is $364.09. The company has a market capitalization of $88.38 billion, a PE ratio of 32.32, a PEG ratio of 2.12 and a beta of 0.93. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the prior year, the firm posted $3.89 EPS. On average, equities analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.66%. AON’s payout ratio is 21.33%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AON shares. Keefe, Bruyette & Woods boosted their target price on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company boosted their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. BMO Capital Markets boosted their target price on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Finally, Royal Bank of Canada boosted their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, AON presently has a consensus rating of “Hold” and an average target price of $386.21.

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.