Castleview Partners LLC purchased a new stake in shares of 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 (SEC). The fund purchased 909 shares of the financial services provider's stock, valued at approximately $363,000.
A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of AON by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider's stock valued at $7,010,714,000 after buying an additional 88,361 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of AON by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock valued at $1,773,165,000 after acquiring an additional 627,742 shares during the period. Bank of New York Mellon Corp increased its stake in shares of AON by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock valued at $921,182,000 after acquiring an additional 343,592 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of AON by 2.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider's stock valued at $824,498,000 after acquiring an additional 64,720 shares during the period. Finally, Northern Trust Corp increased its stake in shares of AON by 9.3% during the fourth quarter. Northern Trust Corp now owns 2,158,943 shares of the financial services provider's stock valued at $775,406,000 after acquiring an additional 183,442 shares during the period. Institutional investors own 86.14% of the company's stock.
AON Trading Up 1.1%
NYSE AON traded up $3.99 on Friday, hitting $354.82. 1,775,245 shares of the stock were exchanged, compared to its average volume of 1,158,950. Aon plc has a 52-week low of $285.35 and a 52-week high of $412.97. 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 company has a market capitalization of $76.62 billion, a price-to-earnings ratio of 30.22, a P/E/G ratio of 2.12 and a beta of 0.86. The company's 50-day moving average price is $359.85 and its two-hundred day moving average price is $371.38.
AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a return on equity of 52.71% and a net margin of 15.58%. The firm had revenue of $4.73 billion for the quarter, compared to analysts' expectations of $4.83 billion. During the same quarter in the previous year, the firm posted $5.66 earnings per share. The company's revenue for the quarter was up 16.2% on a year-over-year basis. Research analysts predict that Aon plc will post 17.21 EPS for the current year.
AON Increases Dividend
The company also recently disclosed 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 represents a $2.98 annualized dividend and a yield of 0.84%. This is a boost from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. AON's payout ratio is presently 25.38%.
Analyst Ratings Changes
AON has been the topic of a number of research analyst reports. Redburn Partners set a $445.00 price objective on shares of AON in a research note on Tuesday, March 25th. JPMorgan Chase & Co. raised their price objective on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $384.00 to $378.00 in a report on Monday, April 28th. Jefferies Financial Group upped their price target 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 raised 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, AON presently has a consensus rating of "Hold" and an average target price of $397.27.
Check Out Our Latest Report on AON
About AON
(
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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