Elyxium Wealth LLC Acquires New Position in Aon plc (NYSE:AON)

Elyxium Wealth LLC acquired a new stake in Aon plc (NYSE:AON - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,430 shares of the financial services provider's stock, valued at approximately $571,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Portside Wealth Group LLC increased its position in shares of AON by 530.6% during the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock valued at $4,412,000 after buying an additional 9,302 shares during the period. Aviva PLC increased its position in shares of AON by 19.0% during the fourth quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock valued at $91,859,000 after buying an additional 40,850 shares during the period. WCM Investment Management LLC increased its position in shares of AON by 0.3% during the first quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock valued at $809,544,000 after buying an additional 6,038 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of AON by 5.6% during the first 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 buying an additional 1,489 shares during the period. Finally, Catalyst Capital Advisors LLC increased its position in shares of AON by 425.3% during the first quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock valued at $761,000 after buying an additional 1,544 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AON shares. Keefe, Bruyette & Woods decreased 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. Redburn Atlantic upgraded shares of AON to a "hold" rating in a research report on Tuesday, March 25th. Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. Barclays cut their target price on AON from $415.00 to $401.00 and set an "overweight" rating for the company in a research note on Monday, July 7th. Finally, Redburn Partners set a $445.00 target price on AON in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $403.00.

AON Stock Performance

Shares of AON stock opened at $356.38 on Friday. The stock has a fifty day moving average of $358.06 and a 200 day moving average of $370.53. Aon plc has a 52 week low of $296.56 and a 52 week high of $412.97. The firm has a market capitalization of $76.96 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 2.12 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 (NYSE:AON - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The firm had revenue of $4.73 billion during 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%. AON's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter last year, the company posted $5.66 EPS. As a group, research analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

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 issued 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 dividend yield of 0.84%. AON's payout ratio is presently 25.38%.

About AON

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.

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