Wealth Alliance LLC acquired a new position in Aon plc (NYSE:AON - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 781 shares of the financial services provider's stock, valued at approximately $312,000.
Several other institutional investors also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC boosted its holdings in AON by 1.9% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider's stock worth $570,000 after buying an additional 27 shares during the last quarter. Value Partners Investments Inc. boosted its holdings in shares of AON by 1.9% during the 4th quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider's stock worth $533,000 after purchasing an additional 28 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of AON by 0.4% during the 1st quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider's stock worth $2,916,000 after purchasing an additional 29 shares during the last quarter. Catalyst Financial Partners LLC boosted its holdings in shares of AON by 2.6% during the 1st quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider's stock worth $479,000 after purchasing an additional 30 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its holdings in shares of AON by 0.3% during the 1st quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock worth $4,765,000 after purchasing an additional 31 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently weighed in on AON shares. Keefe, Bruyette & Woods lowered their target price on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Redburn Partners set a $445.00 target price on AON in a report on Tuesday, March 25th. Barclays lowered their target price on AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a report on Monday, July 7th. Evercore ISI reduced their price target on shares of AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $384.00 to $378.00 in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $403.00.
Read Our Latest Report on AON
AON Stock Down 1.4%
Shares of NYSE AON opened at $351.13 on Tuesday. The firm has a market cap of $75.82 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 2.12 and a beta of 0.84. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26. Aon plc has a 52-week low of $296.56 and a 52-week high of $412.97. The business's 50 day moving average is $358.06 and its two-hundred day moving average is $370.64.
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). The firm had revenue of $4.73 billion during the quarter, compared to analysts' expectations of $4.83 billion. AON had a net margin of 15.58% and a return on equity of 52.71%. The firm's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.66 EPS. Research analysts predict that Aon plc will post 17.21 EPS for the current year.
AON Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, August 1st. AON's payout ratio is 25.38%.
AON Company Profile
(
Free Report)
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.
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