GAMMA Investing LLC Acquires 760,516 Shares of Aon plc (NYSE:AON)

GAMMA Investing LLC increased its position in Aon plc (NYSE:AON - Free Report) by 56,460.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 761,863 shares of the financial services provider's stock after purchasing an additional 760,516 shares during the period. GAMMA Investing LLC owned about 0.35% of AON worth $304,052,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AON. Richardson Financial Services Inc. boosted its stake in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after buying an additional 81 shares during the period. Millstone Evans Group LLC acquired a new position in AON during the 4th quarter worth $32,000. Centricity Wealth Management LLC bought a new position in shares of AON during the 4th quarter worth about $39,000. Kestra Investment Management LLC bought a new stake in AON in the 4th quarter valued at $39,000. Finally, R Squared Ltd acquired a new position in AON in the fourth quarter worth about $43,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on AON shares. Evercore ISI decreased their price target on AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Redburn Atlantic raised shares of AON to a "hold" rating in a research note on Tuesday, March 25th. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and cut their target price for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Jefferies Financial Group raised their price target on AON from $396.00 to $416.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Redburn Partners set a $445.00 price objective on AON in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $397.27.

AON Stock Down 0.1%

AON stock traded down $0.32 during trading on Wednesday, reaching $374.16. 246,323 shares of the stock were exchanged, compared to its average volume of 1,190,879. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm's 50 day moving average is $365.80 and its 200 day moving average is $374.07. The firm has a market cap of $80.80 billion, a P/E ratio of 29.55, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. Aon plc has a twelve month low of $280.54 and a twelve month high of $412.97.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The company 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 70.84% and a net margin of 16.91%. The business's revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the prior year, the firm posted $5.66 earnings per share. As a group, research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.745 dividend. The ex-dividend date was Thursday, May 1st. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.80%. AON's dividend payout ratio is currently 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.