Bryn Mawr Capital Management LLC Takes Position in Aon plc (NYSE:AON)

Bryn Mawr Capital Management LLC purchased a new position in Aon plc (NYSE:AON - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,056 shares of the financial services provider's stock, valued at approximately $821,000.

Other large investors have also recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC grew its position in AON by 1.9% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider's stock valued at $570,000 after acquiring an additional 27 shares in the last quarter. Value Partners Investments Inc. lifted its stake in AON by 1.9% in the fourth quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider's stock valued at $533,000 after buying an additional 28 shares during the last quarter. Brighton Jones LLC raised its stake in shares of AON by 0.4% during the first quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider's stock worth $2,916,000 after purchasing an additional 29 shares during the last quarter. Catalyst Financial Partners LLC raised its position in AON by 2.6% in the first quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider's stock worth $479,000 after acquiring an additional 30 shares in the last quarter. Finally, Wesbanco Bank Inc. raised its position in AON by 0.3% in the first quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock worth $4,765,000 after acquiring an additional 31 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AON shares. Wells Fargo & Company reaffirmed an "overweight" rating and set a $438.00 price objective (up previously from $436.00) on shares of AON in a research note on Thursday, July 10th. Redburn Partners set a $445.00 target price on AON in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods decreased their price target on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 target price for the company in a report on Tuesday, May 13th. Finally, Redburn Atlantic raised AON to a "hold" rating in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, AON has an average rating of "Hold" and a consensus target price of $403.00.

AON Trading Up 0.8%

NYSE:AON traded up $2.71 during trading hours on Friday, hitting $357.34. 254,204 shares of the company were exchanged, compared to its average volume of 1,159,816. The company has a fifty day simple moving average of $358.01 and a 200 day simple moving average of $370.47. Aon plc has a one year low of $295.79 and a one year high of $412.97. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $77.16 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 2.11 and a beta of 0.84.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results 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 net margin of 15.58% and a return on equity of 52.71%. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same quarter last year, the firm posted $5.66 EPS. AON's revenue for the quarter was up 16.2% on a year-over-year basis. Sell-side analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.83%. AON's dividend payout ratio (DPR) 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.