Beese Fulmer Investment Management Inc. Grows Position in Aon plc (NYSE:AON)

Beese Fulmer Investment Management Inc. raised its position in Aon plc (NYSE:AON) by 2.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 25,254 shares of the financial services provider’s stock after purchasing an additional 487 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in AON were worth $8,738,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Y.D. More Investments Ltd acquired a new stake in shares of AON during the second quarter valued at $31,000. Norden Group LLC acquired a new position in shares of AON in the 1st quarter valued at about $2,044,000. Daiwa Securities Group Inc. lifted its stake in shares of AON by 14.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider’s stock valued at $7,056,000 after purchasing an additional 2,624 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of AON by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock valued at $5,894,053,000 after purchasing an additional 64,500 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in shares of AON by 150.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock valued at $33,326,000 after purchasing an additional 57,847 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

Shares of NYSE:AON opened at $358.29 on Thursday. The business has a 50 day moving average price of $347.63 and a 200 day moving average price of $316.00. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. Aon plc has a twelve month low of $268.06 and a twelve month high of $363.46. The company has a market cap of $77.83 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 2.31 and a beta of 0.92.

AON (NYSE:AON) last issued its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (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 analyst estimates of $3.74 billion. During the same period in the previous year, the company posted $2.76 earnings per share. The company’s quarterly revenue was up 18.4% on a year-over-year basis. Research analysts predict that Aon plc will post 15.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.675 per share. The ex-dividend date is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.75%. AON’s dividend payout ratio is 21.58%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AON. Wells Fargo & Company boosted their price target on AON from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and boosted their price target for the company from $313.00 to $380.00 in a report on Tuesday, July 30th. Evercore ISI boosted their price target on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Jefferies Financial Group boosted their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley lowered their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, AON currently has a consensus rating of “Hold” and an average price target of $347.06.

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.