Signaturefd LLC Purchases 607 Shares of Aon plc (NYSE:AON)

Signaturefd LLC lifted its position in shares of Aon plc (NYSE:AON) by 33.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,427 shares of the financial services provider’s stock after purchasing an additional 607 shares during the quarter. Signaturefd LLC’s holdings in AON were worth $712,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Frazier Financial Advisors LLC bought a new position in shares of AON during the fourth quarter worth $31,000. Rise Advisors LLC bought a new stake in AON in the 1st quarter valued at $37,000. First United Bank & Trust bought a new stake in AON in the 4th quarter valued at $44,000. Bruce G. Allen Investments LLC lifted its position in AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 58 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in AON in the 1st quarter valued at $55,000. 86.14% of the stock is owned by institutional investors.

AON Price Performance

AON stock opened at $343.72 on Friday. The company has a 50 day simple moving average of $313.85 and a 200 day simple moving average of $307.63. The stock has a market cap of $74.74 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 2.17 and a beta of 0.91. Aon plc has a 1 year low of $268.06 and a 1 year high of $345.56. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42.

AON (NYSE:AON) last released its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. AON’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.76 earnings per share. Research analysts anticipate that Aon plc will post 15.25 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.79%. The ex-dividend date was Thursday, August 1st. AON’s dividend payout ratio (DPR) is currently 21.16%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Wells Fargo & Company lifted their price target on shares of AON from $287.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price target on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Citigroup started coverage on shares of AON in a report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price objective for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price objective on shares of AON in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $333.21.

AON Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.