Envestnet Portfolio Solutions Inc. decreased its position in Aon plc (NYSE:AON - Free Report) by 70.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,530 shares of the financial services provider's stock after selling 6,134 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in AON were worth $1,010,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Millstone Evans Group LLC bought a new stake in shares of AON in the 4th quarter worth about $32,000. Nemes Rush Group LLC bought a new stake in AON during the 4th quarter worth about $55,000. Orion Capital Management LLC bought a new stake in AON during the 4th quarter worth about $63,000. Ameriflex Group Inc. bought a new stake in AON during the 4th quarter worth about $93,000. Finally, Exchange Traded Concepts LLC grew its holdings in AON by 121.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 277 shares of the financial services provider's stock worth $111,000 after acquiring an additional 152 shares during the last quarter. Institutional investors own 86.14% of the company's stock.
AON Trading Down 1.7%
Shares of NYSE:AON traded down $5.97 during mid-day trading on Wednesday, reaching $354.71. The stock had a trading volume of 1,074,102 shares, compared to its average volume of 1,148,688. The firm has a market cap of $76.60 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 2.16 and a beta of 0.86. The firm has a 50 day simple moving average of $358.64 and a two-hundred day simple moving average of $371.01. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.26. Aon plc has a twelve month low of $285.35 and a twelve month high of $412.97.
AON (NYSE:AON - Get Free Report) last announced 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 company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. AON had a return on equity of 52.71% and a net margin of 15.58%. The business's quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the business posted $5.66 earnings per share. On average, research analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.
AON Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a dividend of $0.745 per share. This is a boost from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio (DPR) is currently 25.38%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on AON. Redburn Atlantic raised shares of AON to a "hold" rating in a report on Tuesday, March 25th. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $384.00 to $378.00 in a report on Monday, April 28th. 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 report on Wednesday, April 30th. Redburn Partners set a $445.00 price objective on shares of AON in a report on Tuesday, March 25th. Finally, Evercore ISI decreased their price objective on shares of AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, AON presently has a consensus rating of "Hold" and a consensus price target of $397.27.
Read Our Latest Stock Analysis on AON
AON Company Profile
(
Free Report)
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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