Rhumbline Advisers Acquires 8,578 Shares of Aon plc (NYSE:AON)

Rhumbline Advisers increased its position in Aon plc (NYSE:AON - Free Report) by 2.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 377,368 shares of the financial services provider's stock after purchasing an additional 8,578 shares during the period. Rhumbline Advisers owned 0.17% of AON worth $150,604,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AON. Charles Schwab Investment Management Inc. grew its position in shares of AON by 2.6% during the 4th 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of AON by 27.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock worth $34,676,000 after purchasing an additional 20,942 shares during the period. Aviva PLC lifted its holdings in shares of AON by 19.0% in the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock worth $91,859,000 after purchasing an additional 40,850 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in AON by 5.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock worth $9,530,000 after buying an additional 1,451 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in AON by 43,000.8% in 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 last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on AON shares. JPMorgan Chase & Co. raised 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. Evercore ISI reduced their target price on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Redburn Atlantic raised shares of AON to a "hold" rating in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods decreased their target price on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Redburn Partners set a $445.00 price objective on AON in a research note on Tuesday, March 25th. 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. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $397.27.

AON Stock Down 0.9%

Shares of AON stock traded down $3.30 on Thursday, reaching $369.32. 344,797 shares of the company were exchanged, compared to its average volume of 1,190,514. The company has a market cap of $79.75 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 2.12 and a beta of 0.89. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a one year low of $282.98 and a one year high of $412.97. The company has a 50-day moving average of $365.38 and a 200-day moving average of $374.07.

AON (NYSE:AON - Get Free Report) last issued its 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). AON had a return on equity of 70.84% and a net margin of 16.91%. 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 prior year, the business earned $5.66 EPS. AON's revenue for the quarter was up 16.2% compared to the same quarter last year. Analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a $0.745 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.98 annualized dividend and a yield of 0.81%. This is an increase from AON's previous quarterly dividend of $0.68. AON's payout ratio is presently 25.38%.

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.