3,500 Shares in Aon plc (NYSE:AON) Purchased by Canton Hathaway LLC

Canton Hathaway LLC purchased a new position in Aon plc (NYSE:AON - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,500 shares of the financial services provider's stock, valued at approximately $1,397,000.

A number of other hedge funds also recently modified their holdings of the stock. Relyea Zuckerberg Hanson LLC grew its stake 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 buying an additional 27 shares in the last quarter. Value Partners Investments Inc. grew its stake in AON by 1.9% in the 4th 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 in the last quarter. Brighton Jones LLC grew its stake in 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 buying an additional 29 shares in the last quarter. Wesbanco Bank Inc. grew its stake in AON by 0.3% in the 1st quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock valued at $4,765,000 after buying an additional 31 shares in the last quarter. Finally, Moors & Cabot Inc. grew its stake in AON by 3.0% in the 4th 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 in the last quarter. Institutional investors own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

AON has been the subject of a number of recent research reports. Redburn Partners set a $445.00 price objective on shares of AON in a research note on Tuesday, March 25th. Evercore ISI reduced their price target on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $384.00 to $378.00 in a research report on Monday, April 28th. JPMorgan Chase & Co. boosted their price target on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, AON presently has a consensus rating of "Hold" and a consensus price target of $397.27.

AON Trading Up 1.1%

AON stock traded up $3.99 during mid-day trading on Friday, hitting $354.82. The company's stock had a trading volume of 1,775,245 shares, compared to its average volume of 1,158,950. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market cap of $76.62 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. The business has a 50 day moving average price of $359.85 and a 200-day moving average price of $371.38. Aon plc has a 12 month low of $285.35 and a 12 month high of $412.97.

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

AON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a $0.745 dividend. This is an increase from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Thursday, May 1st. AON's dividend payout ratio 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.