Summit Trail Advisors LLC Increases Stock Position in Aon plc (NYSE:AON)

Summit Trail Advisors LLC increased its position in Aon plc (NYSE:AON) by 10,293.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 225,131 shares of the financial services provider’s stock after buying an additional 222,965 shares during the period. AON comprises approximately 1.7% of Summit Trail Advisors LLC’s holdings, making the stock its 8th largest position. Summit Trail Advisors LLC owned 0.10% of AON worth $66,094,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Frazier Financial Advisors LLC bought a new stake in shares of AON during the fourth quarter valued at approximately $31,000. Y.D. More Investments Ltd bought a new position in shares of AON during the 2nd quarter valued at about $31,000. Rise Advisors LLC purchased a new position in shares of AON during the first quarter valued at about $37,000. LRI Investments LLC bought a new stake in shares of AON in the first quarter worth about $55,000. Finally, Bruce G. Allen Investments LLC lifted its position in shares of AON by 52.7% in the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Up 0.0 %

NYSE:AON opened at $347.03 on Friday. The stock has a fifty day simple moving average of $330.75 and a 200-day simple moving average of $311.42. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. The company has a market cap of $75.46 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 2.26 and a beta of 0.92. Aon plc has a twelve month low of $268.06 and a twelve month high of $353.54.

AON (NYSE:AON) last issued its earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a return on equity of 252.81% and a net margin of 18.00%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the company earned $2.76 earnings per share. AON’s revenue was up 18.4% on a year-over-year basis. Analysts anticipate that Aon plc will post 15.23 EPS for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s dividend payout ratio (DPR) is presently 21.16%.

Analysts Set New Price Targets

Several equities analysts have weighed in on AON shares. Morgan Stanley cut their price target on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft raised their target price on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. JPMorgan Chase & Co. upped 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. Barclays assumed coverage on shares of AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on shares of AON from $287.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $337.27.

AON Company 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.