Osaic Holdings Inc. Grows Stock Holdings in Aon plc $AON

Osaic Holdings Inc. grew its holdings in shares of Aon plc (NYSE:AON) by 138.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,297 shares of the financial services provider’s stock after purchasing an additional 17,014 shares during the period. Osaic Holdings Inc.’s holdings in AON were worth $10,898,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Peak Financial Advisors LLC purchased a new stake in shares of AON during the 2nd quarter worth $2,464,000. Nordea Investment Management AB grew its holdings in shares of AON by 6.6% during the second quarter. Nordea Investment Management AB now owns 17,062 shares of the financial services provider’s stock worth $6,051,000 after purchasing an additional 1,061 shares during the last quarter. Focus Partners Wealth increased its position in AON by 27.7% during the first quarter. Focus Partners Wealth now owns 125,834 shares of the financial services provider’s stock worth $50,219,000 after buying an additional 27,280 shares during the period. Jump Financial LLC grew its position in shares of AON by 314.2% during the first quarter. Jump Financial LLC now owns 8,809 shares of the financial services provider’s stock worth $3,516,000 after acquiring an additional 6,682 shares during the last quarter. Finally, Arrowroot Family Office LLC acquired a new position in AON in the second quarter valued at $541,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Performance

NYSE AON opened at $350.09 on Friday. The business’s 50-day simple moving average is $346.06 and its 200-day simple moving average is $355.76. The firm has a market capitalization of $75.25 billion, a P/E ratio of 28.05, a P/E/G ratio of 2.01 and a beta of 0.84. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.35 and a quick ratio of 1.35.

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

AON Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. TD Cowen decreased their price target on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Morgan Stanley set a $400.00 target price on shares of AON in a report on Tuesday. Mizuho began coverage on shares of AON in a research note on Monday. They set a “neutral” rating and a $389.00 price objective for the company. Finally, UBS Group dropped their price objective on AON from $400.00 to $390.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, AON presently has a consensus rating of “Moderate Buy” and an average price target of $413.18.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.