NBC Securities Inc. Acquires New Shares in Aon plc (NYSE:AON)

NBC Securities Inc. acquired a new position in shares of Aon plc (NYSE:AON - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,737 shares of the financial services provider's stock, valued at approximately $693,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AON. Norges Bank acquired a new stake in AON during the 4th quarter worth $596,665,000. Artisan Partners Limited Partnership raised its position in shares of AON by 86.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock worth $742,582,000 after purchasing an additional 960,204 shares during the period. GAMMA Investing LLC raised its holdings in 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 lifted its position 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 acquiring an additional 627,742 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of 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 purchasing an additional 527,204 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Price Performance

NYSE:AON traded up $0.82 during mid-day trading on Friday, reaching $371.31. The stock had a trading volume of 705,574 shares, compared to its average volume of 1,191,760. The stock has a 50-day simple moving average of $364.81 and a two-hundred day simple moving average of $374.00. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a 12 month low of $282.98 and a 12 month high of $412.97. The stock has a market capitalization of $80.18 billion, a PE ratio of 29.33, a P/E/G ratio of 2.12 and a beta of 0.86.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. AON's quarterly revenue was up 16.2% on a year-over-year basis. During the same period last year, the firm posted $5.66 EPS. On average, equities analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a $0.745 dividend. This is an increase from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio (DPR) is presently 25.38%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AON shares. Barclays decreased their price target 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. JPMorgan Chase & Co. lifted their price objective on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective for the company in a research report on Tuesday, May 13th. Jefferies Financial Group increased their price objective on shares of AON from $396.00 to $416.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Finally, Evercore ISI cut their target price on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, AON presently has a consensus 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.