Lincoln National Corp Increases Holdings in Aon plc (NYSE:AON)

Lincoln National Corp grew its holdings in Aon plc (NYSE:AONGet Rating) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,320 shares of the financial services provider’s stock after acquiring an additional 70 shares during the period. Lincoln National Corp’s holdings in AON were worth $1,425,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. GPS Wealth Strategies Group LLC increased its stake in AON by 18.5% during the second quarter. GPS Wealth Strategies Group LLC now owns 237 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 37 shares during the last quarter. Mission Wealth Management LP grew its stake in shares of AON by 1.0% during the second quarter. Mission Wealth Management LP now owns 3,761 shares of the financial services provider’s stock valued at $1,014,000 after buying an additional 39 shares during the last quarter. ARGI Investment Services LLC grew its stake in shares of AON by 2.9% during the third quarter. ARGI Investment Services LLC now owns 1,505 shares of the financial services provider’s stock valued at $403,000 after buying an additional 42 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of AON by 5.6% during the second quarter. Oppenheimer & Co. Inc. now owns 846 shares of the financial services provider’s stock valued at $228,000 after buying an additional 45 shares during the last quarter. Finally, My Legacy Advisors LLC grew its stake in AON by 1.8% in the third quarter. My Legacy Advisors LLC now owns 2,652 shares of the financial services provider’s stock worth $718,000 after purchasing an additional 47 shares in the last quarter. 86.12% of the stock is currently owned by hedge funds and other institutional investors.

AON Trading Down 0.5 %

Shares of AON stock opened at $324.34 on Wednesday. The firm has a market capitalization of $67.09 billion, a PE ratio of 25.18, a P/E/G ratio of 2.08 and a beta of 0.88. Aon plc has a twelve month low of $246.21 and a twelve month high of $341.98. The firm’s 50-day moving average price is $306.24 and its 200 day moving average price is $290.96. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 12.27.

AON (NYSE:AONGet Rating) last issued its quarterly earnings results on Friday, October 28th. The financial services provider reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.01. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.81 billion. AON had a net margin of 22.49% and a return on equity of 445.81%. AON’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $1.74 EPS. On average, sell-side analysts predict that Aon plc will post 13.16 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, January 31st. AON’s dividend payout ratio (DPR) is 17.39%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AON shares. BMO Capital Markets started coverage on AON in a report on Thursday, January 19th. They set a “market perform” rating and a $310.00 target price for the company. StockNews.com assumed coverage on AON in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Wells Fargo & Company raised their target price on AON from $302.00 to $304.00 and gave the stock an “equal weight” rating in a research note on Monday, October 31st. Credit Suisse Group initiated coverage on AON in a research report on Friday, January 13th. They set an “outperform” rating and a $363.00 price target on the stock. Finally, MKM Partners increased their price target on AON from $335.00 to $360.00 and gave the stock a “buy” rating in a research report on Monday, December 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $313.56.

AON Profile

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Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captives management; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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