Avanza Fonder AB bought a new stake in Aon plc (NYSE:AON - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,282 shares of the financial services provider's stock, valued at approximately $6,052,000.
A number of other hedge funds have also recently made changes to their positions in AON. Portside Wealth Group LLC boosted its holdings in AON by 530.6% in the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock valued at $4,412,000 after acquiring an additional 9,302 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in 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 purchasing an additional 31,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of AON by 27.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock worth $34,676,000 after acquiring an additional 20,942 shares during the last quarter. Aviva PLC lifted its position in AON by 19.0% in the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock valued at $91,859,000 after acquiring an additional 40,850 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in AON by 43,000.8% during the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock valued at $140,404,000 after purchasing an additional 390,017 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.
AON Price Performance
NYSE AON traded down $1.94 during trading on Wednesday, reaching $349.77. The company's stock had a trading volume of 1,616,439 shares, compared to its average volume of 1,181,408. Aon plc has a one year low of $285.35 and a one year high of $412.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $75.53 billion, a PE ratio of 27.63, a P/E/G ratio of 2.12 and a beta of 0.86. The firm has a fifty day moving average of $362.57 and a 200 day moving average of $373.46.
AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the previous year, the firm posted $5.66 earnings per share. The company's revenue was up 16.2% compared to the same quarter last year. Analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.
AON Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.745 per share. This is a positive change from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.85%. AON's dividend payout ratio is presently 25.38%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on AON. Evercore ISI lowered their price objective on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Barclays dropped their price objective on AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods lowered their target price on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Redburn Atlantic upgraded shares of AON to a "hold" rating in a report on Tuesday, March 25th. Finally, The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective for the company in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $397.27.
Check Out Our Latest Stock Report on AON
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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