TCI Wealth Advisors Inc. Invests $240,000 in Aon plc (NYSE:AON)

TCI Wealth Advisors Inc. bought a new stake in shares of Aon plc (NYSE:AONFree Report) in the third quarter, Holdings Channel.com reports. The fund bought 694 shares of the financial services provider’s stock, valued at approximately $240,000.

Several other hedge funds have also recently added to or reduced their stakes in AON. Farallon Capital Management LLC lifted its holdings in AON by 196.7% in the second quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after buying an additional 1,243,200 shares during the period. Meritage Group LP bought a new stake in shares of AON during the 1st quarter valued at about $258,471,000. Bank of New York Mellon Corp grew its stake in AON by 37.8% during the second quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock worth $587,445,000 after purchasing an additional 548,563 shares during the period. Stone Point Capital LLC acquired a new position in AON in the second quarter valued at approximately $151,808,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of AON by 32.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,943,733 shares of the financial services provider’s stock worth $648,663,000 after buying an additional 471,424 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. TD Cowen upped their price objective on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Jefferies Financial Group boosted their target price on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Barclays initiated coverage on AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target on the stock. Finally, Morgan Stanley decreased their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $353.56.

Read Our Latest Report on AON

AON Stock Performance

Shares of AON stock opened at $371.62 on Tuesday. Aon plc has a one year low of $268.06 and a one year high of $389.21. The company has a market cap of $80.73 billion, a P/E ratio of 31.36, a P/E/G ratio of 2.43 and a beta of 0.92. The firm has a 50-day moving average of $349.75 and a 200-day moving average of $317.08. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.42.

AON (NYSE:AONGet Free Report) last announced its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. AON had a return on equity of 107.43% and a net margin of 16.32%. AON’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.76 EPS. Equities research analysts forecast that Aon plc will post 15.25 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.675 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. AON’s dividend payout ratio (DPR) is presently 22.78%.

About AON

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon plc (NYSE:AONFree Report).

Institutional Ownership by Quarter for AON (NYSE:AON)

Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.