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

Diversify Advisory Services LLC raised its holdings in shares of Aon plc (NYSE:AON - Free Report) by 168.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in AON during the 4th quarter valued at approximately $596,665,000. Artisan Partners Limited Partnership increased its holdings in shares of AON by 86.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock worth $742,582,000 after purchasing an additional 960,204 shares during the last quarter. GAMMA Investing LLC boosted its stake in AON by 56,460.0% during the first quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider's stock valued at $304,052,000 after buying an additional 760,516 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 worth $1,773,165,000 after acquiring an additional 627,742 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of AON by 5,877.4% in the fourth quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider's stock valued at $192,572,000 after purchasing an additional 527,204 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AON has been the topic of a number of research reports. Evercore ISI reduced their target price 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. Wells Fargo & Company reaffirmed an "overweight" rating and set a $438.00 target price (up from $436.00) on shares of AON in a research report on Thursday, July 10th. Barclays lowered their price objective on shares of AON from $415.00 to $401.00 and set an "overweight" rating for the company in a research note on Monday, July 7th. Jefferies Financial Group boosted their price target on shares of AON from $396.00 to $416.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $403.00.

AON Trading Up 1.0%

AON stock traded up $3.68 during midday trading on Tuesday, reaching $354.59. 878,429 shares of the company's stock traded hands, compared to its average volume of 1,164,503. The company has a market capitalization of $76.57 billion, a P/E ratio of 30.23, a PEG ratio of 2.12 and a beta of 0.84. Aon plc has a fifty-two week low of $296.56 and a fifty-two week high of $412.97. The business has a 50-day moving average price of $358.06 and a two-hundred day moving average price of $370.64. 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 quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. AON had a return on equity of 52.71% and a net margin of 15.58%. The firm's quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the firm posted $5.66 earnings per share. Equities research analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

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 given a dividend of $0.745 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.84%. AON's dividend payout ratio (DPR) is presently 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.