Catalyst Capital Advisors LLC Raises Stake in Aon plc (NYSE:AON)

Catalyst Capital Advisors LLC raised its holdings in Aon plc (NYSE:AON - Free Report) by 425.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,907 shares of the financial services provider's stock after acquiring an additional 1,544 shares during the quarter. Catalyst Capital Advisors LLC's holdings in AON were worth $761,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fisher Asset Management LLC acquired a new position in shares of AON in the 4th quarter valued at about $215,000. Jones Financial Companies Lllp increased its holdings in shares of AON by 24.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,808 shares of the financial services provider's stock valued at $1,368,000 after purchasing an additional 744 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of AON by 29.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,807 shares of the financial services provider's stock valued at $649,000 after purchasing an additional 408 shares during the period. Keybank National Association OH increased its holdings in shares of AON by 2.6% in the 4th quarter. Keybank National Association OH now owns 7,665 shares of the financial services provider's stock valued at $2,753,000 after purchasing an additional 196 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of AON by 11.2% in the 4th quarter. Assetmark Inc. now owns 8,942 shares of the financial services provider's stock valued at $3,212,000 after purchasing an additional 898 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Trading Down 0.6%

NYSE AON traded down $2.19 during trading hours on Monday, reaching $352.57. The company's stock had a trading volume of 509,082 shares, compared to its average volume of 1,159,383. The firm has a fifty day simple moving average of $357.74 and a 200-day simple moving average of $370.89. The stock has a market cap of $76.13 billion, a P/E ratio of 30.04, a P/E/G ratio of 2.12 and a beta of 0.84. Aon plc has a 52 week low of $292.45 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.

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

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a $0.745 dividend. The ex-dividend date was Thursday, May 1st. This represents a $2.98 annualized dividend and a yield of 0.85%. This is an increase from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is presently 25.38%.

Wall Street Analyst Weigh In

AON has been the topic of a number of research reports. Redburn Partners set a $445.00 price objective on AON in a report on Tuesday, March 25th. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and cut their price target for the company from $384.00 to $378.00 in a report on Monday, April 28th. Evercore ISI dropped their target price on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Keefe, Bruyette & Woods dropped their target price on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Barclays lowered their price target on shares of AON from $415.00 to $401.00 and set an "overweight" rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $396.33.

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.