Diversify Advisory Services LLC Acquires 1,349 Shares of Aon plc (NYSE:AON)

Diversify Advisory Services LLC boosted its holdings in Aon plc (NYSE:AON - Free Report) by 168.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,151 shares of the financial services provider's stock after purchasing an additional 1,349 shares during the period. Diversify Advisory Services LLC's holdings in AON were worth $858,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its position in shares of AON by 20.0% in the 4th quarter. Proficio Capital Partners LLC now owns 1,088 shares of the financial services provider's stock valued at $391,000 after acquiring an additional 181 shares during the period. Royal London Asset Management Ltd. grew its position in shares of AON by 2.7% in the 4th quarter. Royal London Asset Management Ltd. now owns 82,718 shares of the financial services provider's stock valued at $29,709,000 after acquiring an additional 2,162 shares during the period. Teacher Retirement System of Texas grew its position in shares of AON by 306.3% in the 4th quarter. Teacher Retirement System of Texas now owns 72,850 shares of the financial services provider's stock valued at $26,165,000 after acquiring an additional 54,921 shares during the period. Whittier Trust Co. grew its position in shares of AON by 0.8% in the 4th quarter. Whittier Trust Co. now owns 5,307 shares of the financial services provider's stock valued at $1,906,000 after acquiring an additional 41 shares during the period. Finally, HUB Investment Partners LLC bought a new stake in shares of AON during the 4th quarter worth about $426,000. Institutional investors own 86.14% of the company's stock.

AON Price Performance

Shares of NYSE:AON traded down $1.64 during midday trading on Wednesday, hitting $352.59. The stock had a trading volume of 487,907 shares, compared to its average volume of 1,167,008. The company's 50-day moving average price is $358.06 and its 200-day moving average price is $370.64. The company has a market capitalization of $76.14 billion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 2.09 and a beta of 0.84. 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 plc has a fifty-two week low of $297.06 and a fifty-two week high of $412.97.

AON (NYSE:AON - Get Free Report) last issued its 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). The firm had revenue of $4.73 billion during 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%. AON's quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.66 earnings per share. As a group, equities research analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, August 1st. AON's dividend payout ratio (DPR) is presently 25.38%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barclays reduced their target price on shares of AON from $415.00 to $401.00 and set an "overweight" rating for the company in a report on Monday, July 7th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $438.00 target price (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Evercore ISI reduced their target price on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Finally, Redburn Partners set a $445.00 price objective on shares of AON in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $403.00.

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.