Catalyst Capital Advisors LLC Acquires 1,544 Shares of Aon plc (NYSE:AON)

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

Other hedge funds also recently modified their holdings of the company. Portside Wealth Group LLC grew its position in shares of AON by 530.6% during the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock worth $4,412,000 after buying an additional 9,302 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AON by 27.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock valued at $34,676,000 after purchasing an additional 20,942 shares in the last quarter. Aviva PLC raised its stake in AON by 19.0% during the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock worth $91,859,000 after buying an additional 40,850 shares during the period. Unio Capital LLC grew its stake in AON by 5.1% in the fourth quarter. Unio Capital LLC now owns 37,061 shares of the financial services provider's stock valued at $13,311,000 after acquiring an additional 1,812 shares during the period. Finally, HUB Investment Partners LLC acquired a new stake in shares of AON during the fourth quarter worth about $426,000. Institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AON. Jefferies Financial Group increased their target price on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Redburn Atlantic raised AON to a "hold" rating in a research report on Tuesday, March 25th. Redburn Partners set a $445.00 target price on AON in a research note on Tuesday, March 25th. Barclays decreased their price target on shares of AON from $430.00 to $415.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Finally, Evercore ISI cut their price objective on shares of AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. One 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's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $397.27.

AON Stock Performance

Shares of AON stock traded up $3.54 on Friday, reaching $355.09. The stock had a trading volume of 640,714 shares, compared to its average volume of 1,159,375. Aon plc has a 12 month low of $292.37 and a 12 month high of $412.97. The firm has a market capitalization of $76.68 billion, a price-to-earnings ratio of 30.25, a P/E/G ratio of 2.12 and a beta of 0.84. The firm's 50-day moving average is $357.74 and its two-hundred day moving average is $370.64. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26.

AON (NYSE:AON - Get Free Report) last announced its quarterly 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). AON had a net margin of 15.58% and a return on equity of 52.71%. The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same period in the prior year, the business earned $5.66 EPS. The company's revenue for the quarter was up 16.2% compared to the same quarter last year. On average, research analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, May 1st. This is a boost from AON's previous quarterly dividend of $0.68. AON's payout ratio is currently 25.38%.

AON Company 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.