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

Catalyst Capital Advisors LLC lifted its position in shares of Aon plc (NYSE:AON - Free Report) by 425.3% in the first quarter, according to the company in its most recent disclosure with the Securities & 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new stake in shares of AON during the 4th quarter valued at $32,000. Tsfg LLC bought a new stake in AON in the first quarter valued at about $37,000. Garde Capital Inc. bought a new stake in AON in the first quarter valued at about $42,000. Nemes Rush Group LLC bought a new stake in AON in the fourth quarter valued at about $55,000. Finally, Orion Capital Management LLC bought a new stake in shares of AON in the 4th quarter valued at about $63,000. Institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AON shares. Redburn Partners set a $445.00 price target on AON in a research note on Tuesday, March 25th. Redburn Atlantic upgraded shares of AON to a "hold" rating in a research report on Tuesday, March 25th. Evercore ISI lowered their price objective 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. Keefe, Bruyette & Woods lowered their price target on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Jefferies Financial Group increased their price target on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a report on Friday, April 11th. 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 MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $396.33.

AON Stock Down 0.4%

Shares of AON traded down $1.57 during mid-day trading on Monday, hitting $353.19. 1,183,257 shares of the company's stock were exchanged, compared to its average volume of 1,161,966. The company has a market cap of $76.27 billion, a PE ratio of 30.08, 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 50-day simple moving average of $357.93 and a 200 day simple moving average of $370.85. 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 business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. AON had a net margin of 15.58% and a return on equity of 52.71%. The firm's revenue for the quarter was up 16.2% on a year-over-year basis. During the same period last year, the business posted $5.66 EPS. On average, research 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 issued a dividend of $0.745 per share. The ex-dividend date was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. This is a boost from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is presently 25.38%.

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.