OLD National Bancorp IN Purchases 16,268 Shares of Aon plc $AON

OLD National Bancorp IN grew its position in Aon plc (NYSE:AON) by 346.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,961 shares of the financial services provider’s stock after acquiring an additional 16,268 shares during the quarter. OLD National Bancorp IN’s holdings in AON were worth $7,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. U.S. Capital Wealth Advisors LLC grew its holdings in shares of AON by 0.9% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock valued at $1,108,000 after purchasing an additional 28 shares in the last quarter. Matrix Trust Co grew its stake in shares of AON by 7.1% in the 3rd quarter. Matrix Trust Co now owns 422 shares of the financial services provider’s stock worth $150,000 after buying an additional 28 shares in the last quarter. Sunflower Bank N.A. increased its holdings in shares of AON by 1.8% in the 2nd quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock worth $598,000 after buying an additional 30 shares during the last quarter. MBL Wealth LLC raised its position in shares of AON by 2.1% during the 1st quarter. MBL Wealth LLC now owns 1,503 shares of the financial services provider’s stock valued at $600,000 after buying an additional 31 shares in the last quarter. Finally, Focus Financial Network Inc. lifted its holdings in shares of AON by 5.7% in the 2nd quarter. Focus Financial Network Inc. now owns 577 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 31 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Price Performance

AON opened at $355.90 on Wednesday. The business has a fifty day moving average of $346.01 and a 200 day moving average of $355.29. The stock has a market cap of $76.49 billion, a P/E ratio of 28.52, a PEG ratio of 2.03 and a beta of 0.84. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.86. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97.

AON (NYSE:AON) last released its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.14. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. AON had a return on equity of 48.88% and a net margin of 15.96%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $2.72 earnings per share. As a group, sell-side analysts anticipate 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. Shareholders of record on Monday, November 3rd were given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, November 3rd. AON’s payout ratio is 23.88%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of recent research reports. Evercore ISI upped their price objective on AON from $427.00 to $435.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. TD Cowen decreased their price target on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Morgan Stanley set a $400.00 price target on AON in a research report on Tuesday, December 16th. Wells Fargo & Company cut 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. Finally, Mizuho started coverage on shares of AON in a research note on Monday, December 15th. They issued a “neutral” rating and a $389.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, AON currently has a consensus rating of “Moderate Buy” and a consensus target price of $413.18.

About AON

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.