KBC Group NV Boosts Stock Position in Aon plc (NYSE:AON)

KBC Group NV lifted its stake in shares of Aon plc (NYSE:AON - Free Report) by 4.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,026 shares of the financial services provider's stock after purchasing an additional 1,553 shares during the quarter. KBC Group NV's holdings in AON were worth $13,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Portside Wealth Group LLC lifted its holdings in AON by 530.6% in 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. Charles Schwab Investment Management Inc. lifted its position in shares of AON by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock valued at $444,563,000 after acquiring an additional 31,021 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of AON by 27.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock worth $34,676,000 after purchasing an additional 20,942 shares in the last quarter. Aviva PLC grew its stake in AON by 19.0% in the fourth quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock valued at $91,859,000 after acquiring an additional 40,850 shares during the period. Finally, Unio Capital LLC raised its holdings in AON by 5.1% during the fourth quarter. Unio Capital LLC now owns 37,061 shares of the financial services provider's stock worth $13,311,000 after buying an additional 1,812 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

AON Price Performance

AON stock traded up $3.54 during mid-day trading on Friday, hitting $355.09. The stock had a trading volume of 640,714 shares, compared to its average volume of 1,159,375. The firm's 50 day moving average is $357.36 and its 200 day moving average is $370.67. The firm has a market capitalization of $76.68 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.10 and a beta of 0.84. Aon plc has a one year low of $292.37 and a one year high of $412.97. 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 (NYSE:AON - Get Free Report) last issued its quarterly 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). AON had a net margin of 15.58% and a return on equity of 52.71%. The firm had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the previous year, the company posted $5.66 earnings per share. The business's revenue for the quarter was up 16.2% on a year-over-year basis. On average, sell-side analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.745 per share. This is a positive change from AON's previous quarterly dividend of $0.68. The ex-dividend date was Thursday, May 1st. 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%.

Analysts Set New Price Targets

AON has been the subject of several analyst reports. Barclays decreased their price objective on shares of AON from $430.00 to $415.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and cut their price objective for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Keefe, Bruyette & Woods reduced their target price on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Redburn Partners set a $445.00 price target on shares of AON in a report on Tuesday, March 25th. Finally, Redburn Atlantic upgraded AON to a "hold" rating in a research report 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. According to MarketBeat, AON presently has an average rating of "Hold" and a consensus price target of $397.27.

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.