Edgestream Partners L.P. Has $508,000 Stock Position in Aon plc (NYSE:AON)

Edgestream Partners L.P. lessened its stake in shares of Aon plc (NYSE:AON - Free Report) by 86.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,273 shares of the financial services provider's stock after selling 8,350 shares during the quarter. Edgestream Partners L.P.'s holdings in AON were worth $508,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Portside Wealth Group LLC boosted its stake in AON by 530.6% during the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock valued at $4,412,000 after purchasing an additional 9,302 shares during the period. Aviva PLC boosted its stake in AON by 19.0% during 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. WCM Investment Management LLC boosted its stake in AON by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock valued at $809,544,000 after purchasing an additional 6,038 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in AON by 5.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider's stock valued at $11,183,000 after purchasing an additional 1,489 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its position in shares of AON by 425.3% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock worth $761,000 after acquiring an additional 1,544 shares during the period. Institutional investors own 86.14% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Keefe, Bruyette & Woods reduced their price objective on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company reiterated an "overweight" rating and issued a $438.00 price objective (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. Redburn Partners set a $445.00 price objective on AON in a research report on Tuesday, March 25th. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective for the company in a research report on Tuesday, May 13th. Finally, Jefferies Financial Group raised their price objective on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $403.00.

AON Price Performance

Shares of AON traded up $1.75 during mid-day trading on Friday, reaching $356.38. The company had a trading volume of 1,079,879 shares, compared to its average volume of 1,165,773. Aon plc has a twelve month low of $296.56 and a twelve month high of $412.97. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.73 and a quick ratio of 1.73. The company's 50-day moving average is $358.06 and its 200-day moving average is $370.53. The company has a market capitalization of $76.96 billion, a P/E ratio of 30.36, a P/E/G ratio of 2.12 and a beta of 0.84.

AON (NYSE:AON - Get Free Report) last released its quarterly 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). AON had a net margin of 15.58% and a return on equity of 52.71%. The business 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 earned $5.66 earnings per share. The company's revenue for the quarter was up 16.2% on a year-over-year basis. On average, equities analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm 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. The ex-dividend date is Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. AON's dividend payout ratio is 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.