Czech National Bank Buys 2,781 Shares of Aon plc (NYSE:AON)

Czech National Bank boosted its holdings in Aon plc (NYSE:AON - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,672 shares of the financial services provider's stock after acquiring an additional 2,781 shares during the quarter. Czech National Bank's holdings in AON were worth $19,824,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of AON by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock worth $444,563,000 after acquiring an additional 31,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of AON by 27.7% during 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 during the last quarter. Aviva PLC boosted its position in shares of AON by 19.0% in the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock valued at $91,859,000 after purchasing an additional 40,850 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in AON by 5.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock worth $9,530,000 after buying an additional 1,451 shares during the period. Finally, Proficio Capital Partners LLC raised its holdings in AON by 43,000.8% during the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock worth $140,404,000 after buying an additional 390,017 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Down 0.4%

AON traded down $1.38 during trading on Tuesday, reaching $374.78. 1,169,138 shares of the stock traded hands, compared to its average volume of 1,195,742. The stock's 50-day simple moving average is $366.28 and its two-hundred day simple moving average is $374.07. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a fifty-two week low of $278.60 and a fifty-two week high of $412.97. The stock has a market cap of $80.93 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a net margin of 16.91% and a return on equity of 70.84%. The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. During the same period in the previous year, the firm posted $5.66 EPS. The company's quarterly revenue was up 16.2% compared to the same quarter last year. As a group, equities research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a dividend of $0.745 per share. This is a positive change from AON's previous quarterly dividend of $0.68. The ex-dividend date was Thursday, May 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.80%. AON's dividend payout ratio is 25.38%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AON shares. Redburn Partners set a $445.00 target price on shares of AON in a research report on Tuesday, March 25th. 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 report on Wednesday, April 30th. Jefferies Financial Group boosted their target price on shares of AON from $396.00 to $416.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Evercore ISI decreased their target price on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Redburn Atlantic raised AON to a "hold" rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $397.27.

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.