Portside Wealth Group LLC Raises Stake in Aon plc (NYSE:AON)

Portside Wealth Group LLC increased its position in shares of Aon plc (NYSE:AON - Free Report) by 530.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,055 shares of the financial services provider's stock after buying an additional 9,302 shares during the period. Portside Wealth Group LLC's holdings in AON were worth $4,412,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of AON by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock valued at $444,563,000 after buying an additional 31,021 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of AON by 27.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock valued at $34,676,000 after buying an additional 20,942 shares during the period. Aviva PLC increased its stake in shares of AON by 19.0% during the fourth quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock valued at $91,859,000 after buying an additional 40,850 shares during the period. Proficio Capital Partners LLC increased its stake in shares of AON by 43,000.8% during the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock valued at $140,404,000 after buying an additional 390,017 shares during the period. Finally, Unio Capital LLC boosted its position in AON by 5.1% during the fourth quarter. Unio Capital LLC now owns 37,061 shares of the financial services provider's stock valued at $13,311,000 after purchasing an additional 1,812 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Price Performance

Shares of AON traded up $6.19 during trading hours on Thursday, hitting $355.67. 1,366,391 shares of the stock were exchanged, compared to its average volume of 1,182,145. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a 12-month low of $285.35 and a 12-month high of $412.97. The company has a market cap of $76.80 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. The stock's 50-day moving average price is $362.04 and its two-hundred day moving average price is $373.29.

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

AON Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price objective on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Barclays dropped their target price on AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. upped their target price on 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 target price on AON in a research report on Tuesday, March 25th. Finally, Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and decreased their target price 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, six have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $397.27.

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.