Alpine Bank Wealth Management Purchases New Shares in Aon plc (NYSE:AON)

Alpine Bank Wealth Management purchased a new stake in Aon plc (NYSE:AON - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 725 shares of the financial services provider's stock, valued at approximately $289,000.

Other large investors have also bought and sold shares of the company. First Horizon Advisors Inc. boosted its position in AON by 33.4% in the fourth quarter. First Horizon Advisors Inc. now owns 503 shares of the financial services provider's stock worth $181,000 after purchasing an additional 126 shares during the last quarter. Howard Capital Management Inc. purchased a new position in shares of AON in the 4th quarter worth about $448,000. Pine Valley Investments Ltd Liability Co grew its position in AON by 17.6% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 11,873 shares of the financial services provider's stock valued at $4,264,000 after buying an additional 1,780 shares during the period. Bank of New York Mellon Corp increased its holdings in AON by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock worth $921,182,000 after buying an additional 343,592 shares during the last quarter. Finally, Amalgamated Bank raised its position in AON by 2.8% in the fourth quarter. Amalgamated Bank now owns 42,992 shares of the financial services provider's stock worth $15,441,000 after acquiring an additional 1,155 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Piper Sandler upgraded AON from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Barclays lowered their price target on shares of AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Evercore ISI reduced their price objective on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. raised their price target on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods decreased their price objective on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $397.27.

AON Trading Down 0.2%

Shares of NYSE:AON traded down $0.58 during trading hours on Thursday, hitting $353.88. 1,056,830 shares of the company's stock traded hands, compared to its average volume of 1,146,778. The firm has a market capitalization of $76.42 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. The business has a fifty day moving average price of $358.64 and a 200-day moving average price of $371.01. Aon plc has a 1 year low of $288.50 and a 1 year high of $412.97. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.73 and a quick ratio of 1.73.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. AON had a net margin of 15.58% and a return on equity of 52.71%. The business's revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.66 earnings per share. Equities analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

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

AON Company Profile

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.