Coldstream Capital Management Inc. Purchases 461 Shares of Aon plc $AON

Coldstream Capital Management Inc. raised its position in shares of Aon plc (NYSE:AON) by 7.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,367 shares of the financial services provider’s stock after purchasing an additional 461 shares during the quarter. Coldstream Capital Management Inc.’s holdings in AON were worth $2,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of AON by 2.6% in the second quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock valued at $7,238,569,000 after purchasing an additional 511,292 shares in the last quarter. Geode Capital Management LLC lifted its position in AON by 3.2% during the second quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock valued at $1,987,961,000 after purchasing an additional 173,722 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of AON by 15.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock worth $1,251,391,000 after buying an additional 473,594 shares in the last quarter. Polen Capital Management LLC raised its position in shares of AON by 318.1% during the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock valued at $1,200,350,000 after buying an additional 2,288,397 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of AON by 13.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,706,904 shares of the financial services provider’s stock valued at $965,715,000 after acquiring an additional 316,333 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Trading Down 0.6%

Shares of AON opened at $344.42 on Tuesday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $74.03 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 1.92 and a beta of 0.86. The company has a 50-day moving average of $349.33 and a 200 day moving average of $357.21. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.14. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.72 earnings per share. On average, research analysts expect 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. Shareholders of record on Monday, November 3rd were issued a dividend of $0.745 per share. The ex-dividend date was Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. AON’s dividend payout ratio is currently 23.88%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Jefferies Financial Group raised AON from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. UBS Group cut their target price on AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Cantor Fitzgerald upgraded AON to a “strong-buy” rating in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AON in a research note on Wednesday, November 19th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of AON from $428.00 to $410.00 and set an “outperform” rating for the company in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $416.56.

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.