Wealthfront Advisers LLC Acquires 2,186 Shares of Aon plc (NYSE:AON)

Wealthfront Advisers LLC grew its stake in shares of Aon plc (NYSE:AON - Free Report) by 17.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,841 shares of the financial services provider's stock after buying an additional 2,186 shares during the quarter. Wealthfront Advisers LLC's holdings in AON were worth $5,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Financial Gravity Asset Management Inc. acquired a new position in AON in the first quarter valued at $28,000. Millstone Evans Group LLC acquired a new position in AON in the fourth quarter valued at $32,000. Tsfg LLC acquired a new position in AON in the first quarter valued at $37,000. Garde Capital Inc. acquired a new position in AON in the first quarter valued at $42,000. Finally, Nemes Rush Group LLC acquired a new position in AON in the fourth quarter valued at $55,000. Institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Evercore ISI dropped their price objective on shares of AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Jefferies Financial Group upped their price objective on shares of AON from $396.00 to $416.00 and gave the company a "hold" rating in a report on Friday, April 11th. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $384.00 to $378.00 in a report on Monday, April 28th. Wells Fargo & Company reiterated an "overweight" rating and set a $438.00 price objective (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Finally, Barclays lowered their target price on shares of AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $403.00.

AON Stock Performance

Shares of AON stock traded up $1.75 on Friday, reaching $356.38. 1,079,879 shares of the company traded hands, compared to its average volume of 1,164,644. The company has a 50 day moving average of $358.06 and a 200 day moving average of $370.45. The firm has a market capitalization of $76.96 billion, a PE ratio of 30.36, a PEG ratio of 2.11 and a beta of 0.84. Aon plc has a 52 week low of $295.79 and a 52 week high of $412.97. 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 (NYSE:AON - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a return on equity of 52.71% and a net margin of 15.58%. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same period in the prior year, the firm posted $5.66 earnings per share. The business's revenue was up 16.2% on a year-over-year basis. Equities analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm 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. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Friday, August 1st. 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.