Kraft Davis & Associates LLC cut its position in Aon plc (NYSE:AON - Free Report) by 27.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,327 shares of the financial services provider's stock after selling 2,005 shares during the quarter. Kraft Davis & Associates LLC's holdings in AON were worth $1,964,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Millstone Evans Group LLC acquired a new stake in AON in the 4th quarter worth $32,000. Garde Capital Inc. acquired a new stake in AON in the 1st quarter worth $42,000. Nemes Rush Group LLC acquired a new stake in AON in the 4th quarter worth $55,000. Orion Capital Management LLC acquired a new stake in AON in the 4th quarter worth $63,000. Finally, Ameriflex Group Inc. acquired a new stake in AON in the 4th quarter worth $93,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Jefferies Financial Group raised their price target on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods decreased their price target on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Redburn Partners set a $445.00 target price on shares of AON in a research report on Tuesday, March 25th. Finally, Redburn Atlantic upgraded shares of AON to a "hold" rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $397.27.
Check Out Our Latest Stock Report on AON
AON Price Performance
AON stock traded down $0.57 during trading on Friday, hitting $352.98. 4,487,855 shares of the stock traded hands, compared to its average volume of 1,160,725. Aon plc has a one year low of $291.64 and a one year high of $412.97. The stock has a market cap of $76.22 billion, a price-to-earnings ratio of 30.07, a P/E/G ratio of 2.11 and a beta of 0.86. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.26. The company has a 50 day simple moving average of $358.09 and a 200 day simple moving average of $370.86.
AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share 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 during the quarter, compared to the consensus estimate of $4.83 billion. During the same period in the prior year, the firm posted $5.66 earnings per share. The company's revenue was up 16.2% on a year-over-year basis. Equities analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.
AON Increases Dividend
The company 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. The ex-dividend date of this dividend 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 payout ratio is currently 25.38%.
AON 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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