8,226 Shares in Aon plc (NYSE:AON) Bought by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise bought a new position in shares of Aon plc (NYSE:AON - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 8,226 shares of the financial services provider's stock, valued at approximately $3,282,000.

Other hedge funds also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. purchased a new stake in AON in the 1st quarter worth about $28,000. Tsfg LLC purchased a new stake in AON in the 1st quarter worth about $37,000. Garde Capital Inc. purchased a new stake in AON in the 1st quarter worth about $42,000. Meeder Asset Management Inc. increased its holdings in AON by 111.3% in the 1st quarter. Meeder Asset Management Inc. now owns 112 shares of the financial services provider's stock worth $45,000 after acquiring an additional 59 shares during the last quarter. Finally, Nemes Rush Group LLC purchased a new stake in AON in the 4th quarter worth about $55,000. 86.14% of the stock is currently owned by institutional investors.

AON Price Performance

NYSE:AON traded down $2.62 during mid-day trading on Friday, reaching $353.09. The stock had a trading volume of 1,640,932 shares, compared to its average volume of 1,331,812. The firm has a 50 day moving average price of $358.15 and a two-hundred day moving average price of $370.81. The stock has a market capitalization of $76.14 billion, a P/E ratio of 29.57, a P/E/G ratio of 2.11 and a beta of 0.84. Aon plc has a one year low of $322.95 and a one year high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.73 and a current ratio of 1.52.

AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping analysts' consensus estimates of $3.40 by $0.09. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%. AON's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.93 EPS. As a group, analysts expect 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. Stockholders of record on Friday, August 1st will be paid a dividend of $0.745 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. AON's payout ratio is 24.96%.

Wall Street Analysts Forecast Growth

AON has been the subject of a number of recent analyst reports. Jefferies Financial Group raised AON from a "hold" rating to a "buy" rating and lifted their target price for the company from $400.00 to $426.00 in a report on Wednesday. Barclays reaffirmed an "overweight" rating and set a $420.00 target price (up previously from $401.00) on shares of AON in a report on Thursday. Wells Fargo & Company reaffirmed an "overweight" rating and set a $438.00 target price (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Keefe, Bruyette & Woods reduced their target price on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lifted their price target on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $409.21.

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.