Fairfield Financial Advisors LTD Takes Position in Aon plc (NYSE:AON)

Fairfield Financial Advisors LTD purchased a new position in shares of Aon plc (NYSE:AON) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 657 shares of the financial services provider’s stock, valued at approximately $193,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. lifted its position in shares of AON by 407.0% in the second quarter. Brown Brothers Harriman & Co. now owns 21,235 shares of the financial services provider’s stock valued at $6,234,000 after acquiring an additional 17,047 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in AON by 6.0% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 977 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 55 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of AON by 9.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 13,181 shares of the financial services provider’s stock worth $3,870,000 after buying an additional 1,102 shares in the last quarter. Wealthspire Advisors LLC raised its position in shares of AON by 3,565.1% in the second quarter. Wealthspire Advisors LLC now owns 304,275 shares of the financial services provider’s stock valued at $89,329,000 after buying an additional 295,973 shares during the last quarter. Finally, Thoroughbred Financial Services LLC acquired a new position in AON during the second quarter worth about $548,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and upped their target price for the company from $313.00 to $380.00 in a report on Tuesday, July 30th. Bank of America lowered AON from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $345.00 to $306.00 in a report on Wednesday, May 22nd. Citigroup began coverage on shares of AON in a research report on Wednesday, May 22nd. They set a “neutral” rating and a $309.00 price objective for the company. Finally, Barclays began coverage on shares of AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 target price on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $337.27.

AON Trading Down 0.1 %

Shares of NYSE AON opened at $347.85 on Monday. 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 stock has a market capitalization of $75.63 billion, a PE ratio of 27.26, a PEG ratio of 2.24 and a beta of 0.92. Aon plc has a twelve month low of $268.06 and a twelve month high of $352.49. The stock has a fifty day simple moving average of $325.51 and a 200-day simple moving average of $310.19.

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

AON Announces Dividend

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

AON 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.