Bleakley Financial Group LLC Boosts Stock Position in Aon plc (NYSE:AON)

Bleakley Financial Group LLC boosted its stake in Aon plc (NYSE:AON - Free Report) by 56.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,839 shares of the financial services provider's stock after purchasing an additional 5,739 shares during the quarter. Bleakley Financial Group LLC's holdings in AON were worth $6,321,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Financial Gravity Asset Management Inc. bought a new stake in AON in the 1st quarter valued at about $28,000. Millstone Evans Group LLC acquired a new stake in AON in the fourth quarter valued at approximately $32,000. Tsfg LLC bought a new stake in shares of AON during the first quarter valued at approximately $37,000. Garde Capital Inc. acquired a new position in shares of AON during the first quarter worth approximately $42,000. Finally, Nemes Rush Group LLC bought a new position in shares of AON in the 4th quarter worth $55,000. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Stock Performance

AON stock traded up $4.22 during trading on Monday, hitting $359.89. The stock had a trading volume of 764,314 shares, compared to its average volume of 1,311,465. The stock's 50 day moving average is $358.19 and its two-hundred day moving average is $370.73. Aon plc has a 1 year low of $295.79 and a 1 year high of $412.97. The stock has a market cap of $77.72 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a net margin of 15.58% and a return on equity of 52.71%. The firm had revenue of $4.73 billion for the quarter, compared to analysts' expectations of $4.83 billion. During the same period in the prior year, the company earned $5.66 EPS. The firm's quarterly revenue was up 16.2% on a year-over-year basis. As a group, analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given 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 0.83%. AON's dividend payout ratio is currently 25.38%.

Wall Street Analysts Forecast Growth

AON has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Redburn Atlantic raised shares of AON to a "hold" rating in a research report on Tuesday, March 25th. Redburn Partners set a $445.00 price target on AON in a research note on Tuesday, March 25th. Jefferies Financial Group raised their target price on AON from $396.00 to $416.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $403.00.

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.