Markel Group Inc. lifted its position in Aon plc (NYSE:AON - Free Report) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,450 shares of the financial services provider's stock after buying an additional 3,250 shares during the quarter. Markel Group Inc. owned about 0.06% of AON worth $51,662,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Financial Gravity Asset Management Inc. acquired a new position in AON during the 1st quarter valued at $28,000. Millstone Evans Group LLC acquired a new position in AON during the 4th quarter valued at $32,000. Tsfg LLC acquired a new position in AON during the 1st quarter valued at $37,000. Garde Capital Inc. acquired a new position in AON during the 1st quarter valued at $42,000. Finally, Nemes Rush Group LLC acquired a new position in shares of AON in the 4th quarter valued at $55,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.
AON Stock Up 0.1%
Shares of NYSE:AON opened at $354.75 on Friday. Aon plc has a 12 month low of $295.79 and a 12 month high of $412.97. The company's 50-day moving average price is $358.01 and its two-hundred day moving average price is $370.47. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26. The firm has a market cap of $76.60 billion, a P/E ratio of 30.22, a P/E/G ratio of 2.11 and a beta of 0.84.
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). AON had a return on equity of 52.71% and a net margin of 15.58%. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same period in the prior year, the company earned $5.66 EPS. The firm's revenue was up 16.2% compared to the same quarter last year. As a group, research analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.
AON Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. AON's payout ratio is presently 25.38%.
Analysts Set New Price Targets
AON has been the subject of a number of recent research reports. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Redburn Partners set a $445.00 price objective on shares of AON in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods dropped their price objective on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Barclays lowered their target price on shares of AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a report on Monday, July 7th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $438.00 target price (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, AON currently has a consensus rating of "Hold" and a consensus target price of $403.00.
View 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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