Alps Advisors Inc. Grows Position in Aon plc (NYSE:AON)

Alps Advisors Inc. boosted its stake in Aon plc (NYSE:AON - Free Report) by 20.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,119 shares of the financial services provider's stock after purchasing an additional 1,685 shares during the quarter. Alps Advisors Inc.'s holdings in AON were worth $4,038,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AON. Proficio Capital Partners LLC grew its holdings in AON by 20.0% in the fourth quarter. Proficio Capital Partners LLC now owns 1,088 shares of the financial services provider's stock valued at $391,000 after purchasing an additional 181 shares during the period. Independent Advisor Alliance lifted its position in AON by 59.3% during the fourth quarter. Independent Advisor Alliance now owns 1,378 shares of the financial services provider's stock valued at $495,000 after buying an additional 513 shares in the last quarter. Wealthfront Advisers LLC lifted its position in AON by 14.2% during the fourth quarter. Wealthfront Advisers LLC now owns 12,655 shares of the financial services provider's stock valued at $4,545,000 after buying an additional 1,575 shares in the last quarter. Moors & Cabot Inc. lifted its position in AON by 3.0% during the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock valued at $406,000 after buying an additional 33 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in AON by 0.7% during the fourth quarter. HighTower Advisors LLC now owns 38,596 shares of the financial services provider's stock valued at $13,862,000 after buying an additional 258 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Trading Down 0.9%

AON opened at $355.85 on Friday. The stock has a market capitalization of $76.84 billion, a PE ratio of 30.31, a P/E/G ratio of 2.14 and a beta of 0.84. The firm's fifty day moving average price is $358.19 and its 200 day moving average price is $370.60. 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 plc has a 12-month low of $295.79 and a 12-month high of $412.97.

AON (NYSE:AON - Get Free Report) last released its earnings results 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). AON had a net margin of 15.58% and a return on equity of 52.71%. The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the previous year, the firm earned $5.66 EPS. The firm's revenue for the quarter was up 16.2% on a year-over-year basis. As a group, research analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.84%. AON's payout ratio is 25.38%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Redburn Partners set a $445.00 price target on shares of AON in a research report on Tuesday, March 25th. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price on the stock in a research report on Tuesday, May 13th. Evercore ISI reduced their target price 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, Keefe, Bruyette & Woods reduced their target price on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, AON presently has a consensus rating of "Hold" and a consensus price target of $403.00.

AON 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.

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