Fox Run Management L.L.C. Invests $379,000 in Aon plc $AON

Fox Run Management L.L.C. bought a new position in Aon plc (NYSE:AON) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,061 shares of the financial services provider’s stock, valued at approximately $379,000.

A number of other large investors have also added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. boosted its holdings in shares of AON by 29.3% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 11,543 shares of the financial services provider’s stock worth $4,118,000 after purchasing an additional 2,618 shares in the last quarter. Savant Capital LLC boosted its stake in AON by 0.9% in the second quarter. Savant Capital LLC now owns 11,580 shares of the financial services provider’s stock worth $4,131,000 after buying an additional 102 shares in the last quarter. Modera Wealth Management LLC grew its position in AON by 5.7% during the second quarter. Modera Wealth Management LLC now owns 13,272 shares of the financial services provider’s stock valued at $4,735,000 after acquiring an additional 714 shares during the last quarter. Soltis Investment Advisors LLC purchased a new position in shares of AON during the second quarter worth approximately $840,000. Finally, Yacktman Asset Management LP lifted its holdings in shares of AON by 10.7% in the 2nd quarter. Yacktman Asset Management LP now owns 12,915 shares of the financial services provider’s stock worth $4,608,000 after acquiring an additional 1,245 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of AON stock opened at $350.17 on Thursday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The firm has a market cap of $75.26 billion, a P/E ratio of 29.33, a P/E/G ratio of 1.92 and a beta of 0.86. The business’s 50 day moving average price is $352.72 and its 200-day moving average price is $357.57.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.72 earnings per share. On average, equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be given a dividend of $0.745 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. AON’s payout ratio is currently 23.88%.

Analyst Upgrades and Downgrades

AON has been the topic of a number of analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 4th. Weiss Ratings lowered AON from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, November 7th. Barclays restated an “overweight” rating and set a $420.00 price target (up from $401.00) on shares of AON in a research report on Thursday, July 31st. Wolfe Research assumed coverage on AON in a research report on Monday, September 15th. They issued a “peer perform” rating for the company. Finally, Citigroup upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $402.00 target price on the stock in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $419.13.

About AON

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.