Envestnet Asset Management Inc. Has $184.04 Million Stock Holdings in Aon plc (NYSE:AON)

Envestnet Asset Management Inc. increased its position in shares of Aon plc (NYSE:AON - Free Report) by 25.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 461,160 shares of the financial services provider's stock after purchasing an additional 92,600 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.21% of AON worth $184,044,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new position in shares of AON in the fourth quarter valued at approximately $32,000. Tsfg LLC acquired a new stake in AON during the 1st quarter valued at $37,000. Garde Capital Inc. bought a new position in AON in the 1st quarter valued at $42,000. Nemes Rush Group LLC acquired a new position in AON in the fourth quarter worth $55,000. Finally, Orion Capital Management LLC acquired a new stake in shares of AON in the fourth quarter valued at $63,000. 86.14% of the stock is owned by institutional investors.

AON Price Performance

AON stock opened at $354.68 on Wednesday. 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 12-month low of $292.45 and a 12-month high of $412.97. The stock has a market cap of $76.59 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 2.11 and a beta of 0.84. The business's 50-day simple moving average is $358.02 and its 200 day simple moving average is $370.74.

AON (NYSE:AON - Get Free Report) last issued its earnings results 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). AON had a return on equity of 52.71% and a net margin of 15.58%. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter last year, the business posted $5.66 EPS. AON's quarterly revenue was up 16.2% on a year-over-year basis. As a group, research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.745 per share. The ex-dividend date was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. This is a boost from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is 25.38%.

Wall Street Analyst Weigh In

AON has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Barclays lowered 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. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 target price for the company in a research note on Tuesday, May 13th. Jefferies Financial Group raised their target price on AON from $396.00 to $416.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods lowered their target price on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, AON presently has an average rating of "Hold" and an average target price of $396.33.

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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