QRG Capital Management Inc. reduced its position in shares of Aon plc (NYSE:AON - Free Report) by 45.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,073 shares of the financial services provider's stock after selling 3,455 shares during the quarter. QRG Capital Management Inc.'s holdings in AON were worth $1,625,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Relyea Zuckerberg Hanson LLC increased its stake in shares of AON by 1.9% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider's stock valued at $570,000 after buying an additional 27 shares during the period. Value Partners Investments Inc. increased its position in AON by 1.9% during the 4th quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider's stock valued at $533,000 after purchasing an additional 28 shares during the period. Brighton Jones LLC raised its holdings in shares of AON by 0.4% in the 1st quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider's stock valued at $2,916,000 after purchasing an additional 29 shares in the last quarter. Wesbanco Bank Inc. lifted its position in shares of AON by 0.3% in the 1st quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock worth $4,765,000 after purchasing an additional 31 shares during the period. Finally, Moors & Cabot Inc. increased its holdings in AON by 3.0% during the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock valued at $406,000 after buying an additional 33 shares during the period. 86.14% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on AON shares. Barclays lowered their target price on AON from $430.00 to $415.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Jefferies Financial Group raised their price objective on AON from $396.00 to $416.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Redburn Atlantic raised shares of AON to a "hold" rating in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $397.27.
Read Our Latest Stock Report on AON
AON Stock Performance
AON stock traded up $3.99 during trading on Friday, reaching $354.82. The company had a trading volume of 1,775,245 shares, compared to its average volume of 1,178,090. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.73 and a current ratio of 1.73. Aon plc has a twelve month low of $285.35 and a twelve month high of $412.97. The company has a market cap of $76.62 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 2.10 and a beta of 0.86. The firm has a 50-day simple moving average of $360.26 and a 200-day simple moving average of $371.66.
AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data 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 52.71% and a net margin of 15.58%. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same quarter in the previous year, the firm posted $5.66 earnings per share. The company's quarterly revenue was up 16.2% on a year-over-year basis. As a group, sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current year.
AON Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a $0.745 dividend. The ex-dividend date was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. This is a positive change from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio is currently 25.38%.
AON Company Profile
(
Free Report)
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.
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