Graypoint LLC Increases Stock Holdings in Aon plc (NYSE:AON)

Graypoint LLC increased its position in Aon plc (NYSE:AON - Free Report) by 66.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,496 shares of the financial services provider's stock after purchasing an additional 997 shares during the period. Graypoint LLC's holdings in AON were worth $996,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AON. Norges Bank purchased a new stake in shares of AON in the fourth quarter worth $596,665,000. Artisan Partners Limited Partnership lifted its holdings in AON by 86.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock valued at $742,582,000 after acquiring an additional 960,204 shares during the period. GAMMA Investing LLC lifted its holdings in AON by 56,460.0% in the first quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider's stock valued at $304,052,000 after acquiring an additional 760,516 shares during the period. Geode Capital Management LLC lifted its position in shares of AON by 14.5% during the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock valued at $1,773,165,000 after buying an additional 627,742 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of AON by 5,877.4% during the 4th quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider's stock valued at $192,572,000 after buying an additional 527,204 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Up 0.5%

Shares of NYSE AON traded up $1.75 during mid-day trading on Friday, reaching $356.38. 1,079,879 shares of the company were exchanged, compared to its average volume of 1,165,773. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26. The stock has a market cap of $76.96 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 2.12 and a beta of 0.84. Aon plc has a 1 year low of $296.56 and a 1 year high of $412.97. The firm has a 50-day moving average of $358.06 and a 200 day moving average of $370.53.

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

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a $0.745 dividend. The ex-dividend date is Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. AON's dividend payout ratio is currently 25.38%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays decreased their target price on AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a research note on Monday, July 7th. 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 research note on Tuesday, May 13th. Redburn Partners set a $445.00 target price on AON in a report on Tuesday, March 25th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $438.00 price objective (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. Finally, Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and reduced their price target for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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.