Aon plc $AON Shares Bought by CW Advisors LLC

Key Points

• CW Advisors LLC increased its stake in Aon plc by 33.7%, holding 5,708 shares valued at approximately $2.28 million.
• Aon shares have received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a price target averaging $409.18.
• The company recently declared a quarterly dividend of $0.745 per share, equating to an annualized yield of 0.8%.

CW Advisors LLC increased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 33.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,708 shares of the financial services provider's stock after purchasing an additional 1,440 shares during the quarter. CW Advisors LLC's holdings in AON were worth $2,278,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Portside Wealth Group LLC increased its holdings in AON by 530.6% in the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock valued at $4,412,000 after purchasing an additional 9,302 shares during the last quarter. WCM Investment Management LLC grew its stake in AON by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock worth $809,544,000 after purchasing an additional 6,038 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of AON by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider's stock worth $11,183,000 after buying an additional 1,489 shares during the period. Catalyst Capital Advisors LLC grew its stake in shares of AON by 425.3% during the first quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock worth $761,000 after purchasing an additional 1,544 shares in the last quarter. Finally, Ninety One North America Inc. raised its position in shares of AON by 64.4% during the 1st quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider's stock worth $2,986,000 after acquiring an additional 2,932 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective on the stock in a report on Tuesday, May 13th. Jefferies Financial Group raised shares of AON from a "hold" rating to a "buy" rating and lifted their target price for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. Morgan Stanley reissued a "cautious" rating on shares of AON in a research report on Monday, August 18th. Citigroup began coverage on AON in a report on Wednesday, August 13th. They set a "neutral" rating and a $402.00 price target on the stock. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $438.00 price objective (up from $436.00) on shares of AON in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, AON presently has a consensus rating of "Moderate Buy" and an average target price of $412.69.

AON Price Performance

AON stock traded up $0.32 during trading hours on Friday, hitting $366.86. The stock had a trading volume of 316,006 shares, compared to its average volume of 1,319,063. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The stock has a market capitalization of $79.11 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 2.18 and a beta of 0.83. The stock's fifty day moving average is $360.85 and its two-hundred day moving average is $370.13. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating analysts' consensus estimates of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.16 billion. During the same period in the prior year, the company earned $2.93 EPS. The firm's revenue was up 10.5% on a year-over-year basis. As a group, analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $0.745 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON's payout ratio is presently 24.96%.

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.