Susquehanna Fundamental Investments LLC Takes Position in Aon plc (NYSE:AON)

Susquehanna Fundamental Investments LLC bought a new position in Aon plc (NYSE:AON - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 105,209 shares of the financial services provider's stock, valued at approximately $37,787,000. AON makes up about 0.5% of Susquehanna Fundamental Investments LLC's portfolio, making the stock its 15th biggest position.

Several other hedge funds also recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in AON during the 3rd quarter valued at approximately $1,685,000. Anchor Investment Management LLC boosted its position in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 93 shares during the period. Pine Valley Investments Ltd Liability Co boosted its position in AON by 11.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 10,093 shares of the financial services provider's stock valued at $3,492,000 after purchasing an additional 1,012 shares during the period. World Investment Advisors LLC acquired a new position in AON during the 3rd quarter valued at approximately $275,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in AON during the 3rd quarter valued at $1,959,000. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Stock Performance

Shares of NYSE:AON traded down $0.33 during trading on Thursday, reaching $353.73. The stock had a trading volume of 408,089 shares, compared to its average volume of 1,336,785. Aon plc has a 52 week low of $275.07 and a 52 week high of $412.97. The firm has a market capitalization of $76.38 billion, a price-to-earnings ratio of 27.94, a P/E/G ratio of 2.12 and a beta of 0.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock has a fifty day simple moving average of $383.95 and a two-hundred day simple moving average of $375.51.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a return on equity of 70.84% and a net margin of 16.91%. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same period last year, the firm posted $5.66 EPS. The company's revenue was up 16.2% compared to the same quarter last year. As a group, analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.745 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. This is an increase from AON's previous quarterly dividend of $0.68. AON's payout ratio is currently 25.38%.

Wall Street Analyst Weigh In

AON has been the topic of several recent analyst reports. Evercore ISI cut their target price on AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research note on Monday. Keefe, Bruyette & Woods cut their target price on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday. Wells Fargo & Company boosted their price objective on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Royal Bank of Canada boosted their price objective on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group boosted their target price on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $390.67.

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.