Aon plc (NYSE:AON) Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its stake in shares of Aon plc (NYSE:AON - Free Report) by 23.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,828 shares of the financial services provider's stock after acquiring an additional 7,680 shares during the quarter. Cerity Partners LLC's holdings in AON were worth $15,895,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AON. Vanguard Group Inc. grew its position 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 purchasing an additional 88,361 shares in the last quarter. Geode Capital Management LLC increased its position in shares of AON by 14.5% during the 4th 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 purchasing an additional 627,742 shares during the last quarter. Bank of New York Mellon Corp lifted its position in AON by 18.3% in the first quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider's stock worth $1,210,864,000 after buying an additional 469,238 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in 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 last quarter. Finally, Northern Trust Corp raised its stake in shares of AON by 9.3% in 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. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of NYSE AON traded up $4.22 during midday trading on Monday, reaching $359.89. The company had a trading volume of 764,314 shares, compared to its average volume of 1,311,465. The stock has a market cap of $77.72 billion, a P/E ratio of 30.66, a P/E/G ratio of 2.12 and a beta of 0.84. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.26. The business's 50-day simple moving average is $358.19 and its 200 day simple moving average is $370.73. Aon plc has a 1 year low of $295.79 and a 1 year high of $412.97.

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 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 company 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 posted $5.66 earnings per share. AON's revenue for the quarter was up 16.2% on a year-over-year basis. On average, analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $0.745 dividend. The ex-dividend date is Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.83%. AON's dividend payout ratio (DPR) is presently 25.38%.

Analyst Upgrades and Downgrades

AON has been the subject of several analyst reports. Wells Fargo & Company reissued an "overweight" rating and issued a $438.00 price objective (up previously from $436.00) on shares of AON in a research note on Thursday. Jefferies Financial Group raised their price target on AON from $396.00 to $416.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Redburn Partners set a $445.00 price objective on shares of AON in a research note on Tuesday, March 25th. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 target price on the stock in a research report on Tuesday, May 13th. Finally, Evercore ISI dropped their price objective on 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, five have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $403.00.

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.