Gamco Investors INC. ET AL Invests $2 Million in Aon plc $AON

Gamco Investors INC. ET AL acquired a new position in shares of Aon plc (NYSE:AON) in the 2nd quarter, HoldingsChannel reports. The fund acquired 5,600 shares of the financial services provider’s stock, valued at approximately $1,998,000.

Several other institutional investors have also recently bought and sold shares of AON. Quantum Portfolio Management LLC boosted its holdings in AON by 15.8% during the second quarter. Quantum Portfolio Management LLC now owns 828 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 113 shares during the period. Tema Etfs LLC acquired a new position in shares of AON during the 2nd quarter worth about $1,483,000. Brown Advisory Inc. boosted its stake in AON by 3.9% during the 2nd quarter. Brown Advisory Inc. now owns 6,664 shares of the financial services provider’s stock valued at $2,378,000 after purchasing an additional 252 shares during the period. Amundi grew its holdings in AON by 18.9% in the 2nd quarter. Amundi now owns 989,186 shares of the financial services provider’s stock valued at $347,748,000 after buying an additional 157,309 shares during the last quarter. Finally, Marshall Wace LLP increased its position in AON by 694.0% in the 2nd quarter. Marshall Wace LLP now owns 241,619 shares of the financial services provider’s stock worth $86,200,000 after buying an additional 211,188 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Trading Down 1.8%

Shares of AON stock opened at $340.08 on Thursday. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The firm has a market capitalization of $73.09 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 1.98 and a beta of 0.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.35 and a quick ratio of 1.35. The company’s fifty day moving average price is $347.70 and its two-hundred day moving average price is $356.40.

AON (NYSE:AON) last issued its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.14. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. AON had a net margin of 15.96% and a return on equity of 48.88%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.72 EPS. On average, analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, November 3rd. AON’s dividend payout ratio is currently 23.88%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced their price objective on AON from $428.00 to $410.00 and set an “outperform” rating for the company in a research report on Tuesday, November 4th. Cantor Fitzgerald upgraded shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Evercore ISI raised their price target on shares of AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. UBS Group cut their price objective on shares of AON from $400.00 to $390.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Barclays reiterated an “equal weight” rating and issued a $379.00 target price (down previously from $420.00) on shares of AON in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $416.56.

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.