Castleview Partners LLC Makes New Investment in Aon plc (NYSE:AON)

Castleview Partners LLC purchased a new stake in Aon plc (NYSE:AON - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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. Millstone Evans Group LLC bought a new position in shares of AON in the fourth quarter valued at approximately $32,000. Kestra Investment Management LLC acquired a new position in shares of AON during the 4th quarter valued at $39,000. Centricity Wealth Management LLC bought a new stake in shares of AON in the 4th quarter worth $39,000. Nemes Rush Group LLC acquired a new position in AON during the fourth quarter worth about $55,000. Finally, Orion Capital Management LLC bought a new stake in AON in the fourth quarter worth about $63,000. Institutional investors own 86.14% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AON. Keefe, Bruyette & Woods lowered their price objective on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Redburn Partners set a $445.00 price target on shares of AON in a research report on Tuesday, March 25th. Evercore ISI cut their price objective on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 target price on the stock in a report on Tuesday, May 13th. Finally, Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $384.00 to $378.00 in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, AON presently has a consensus rating of "Hold" and a consensus price target of $397.27.

AON Stock Up 0.2%

Shares of NYSE AON traded up $0.82 during mid-day trading on Tuesday, reaching $360.77. The company had a trading volume of 1,269,833 shares, compared to its average volume of 1,159,558. The stock has a fifty day moving average of $359.37 and a two-hundred day moving average of $371.20. Aon plc has a 12-month low of $285.35 and a 12-month high of $412.97. The company has a market capitalization of $77.90 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 2.12 and a beta of 0.86. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.73 and a current ratio of 1.73.

AON (NYSE:AON - Get Free Report) last issued its 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 period last year, the business earned $5.66 EPS. The company's quarterly revenue was up 16.2% on a year-over-year basis. As a group, equities research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a $0.745 dividend. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a yield of 0.83%. The ex-dividend date 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.