Fullcircle Wealth LLC Purchases New Holdings in Aon plc (NYSE:AON)

Fullcircle Wealth LLC acquired a new position in Aon plc (NYSE:AON - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 725 shares of the financial services provider's stock, valued at approximately $289,000.

Several other institutional investors also recently modified their holdings of AON. Norges Bank acquired a new position in AON in the fourth quarter worth about $596,665,000. Artisan Partners Limited Partnership raised its holdings in shares of AON by 86.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock worth $742,582,000 after buying an additional 960,204 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of AON by 56,460.0% during the 1st quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider's stock worth $304,052,000 after buying an additional 760,516 shares during the period. Geode Capital Management LLC boosted its stake in AON by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock valued at $1,773,165,000 after buying an additional 627,742 shares in the last quarter. Finally, First Trust Advisors LP grew its position in 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 acquiring an additional 527,204 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

AON has been the topic of several recent analyst reports. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price on the stock in a research note on Tuesday, May 13th. Barclays cut their price target on shares of AON from $415.00 to $401.00 and set an "overweight" rating for the company in a report on Monday. 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 research note on Monday, April 28th. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. increased their price target on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $396.33.

AON Stock Down 0.4%

NYSE AON opened at $353.19 on Tuesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.73 and a current ratio of 1.73. Aon plc has a 52 week low of $292.45 and a 52 week high of $412.97. The stock has a market capitalization of $76.27 billion, a P/E ratio of 30.08, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84. The stock has a fifty day moving average of $357.93 and a 200-day moving average of $370.85.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). The firm 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 business's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.66 earnings per share. On average, equities research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.745 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This is a boost from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis 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.

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