1,135 Shares in Aon plc (NYSE:AON) Bought by New World Advisors LLC

New World Advisors LLC purchased a new position in Aon plc (NYSE:AON - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,135 shares of the financial services provider's stock, valued at approximately $453,000.

Other institutional investors have also added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC raised its holdings in AON by 1.9% during the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider's stock valued at $570,000 after buying an additional 27 shares during the last quarter. Value Partners Investments Inc. raised its stake in shares of AON by 1.9% during the fourth quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider's stock valued at $533,000 after acquiring an additional 28 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of AON by 0.4% during the first quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider's stock worth $2,916,000 after purchasing an additional 29 shares during the period. Wesbanco Bank Inc. grew its stake in shares of AON by 0.3% in the first quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock worth $4,765,000 after purchasing an additional 31 shares during the last quarter. Finally, Moors & Cabot Inc. increased its holdings in AON by 3.0% during the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock valued at $406,000 after purchasing an additional 33 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Down 0.2%

Shares of AON stock traded down $0.57 during trading hours on Friday, hitting $352.98. 4,487,855 shares of the company's stock traded hands, compared to its average volume of 1,160,725. 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 stock has a market cap of $76.22 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 2.11 and a beta of 0.86. The stock's fifty day simple moving average is $358.37 and its two-hundred day simple moving average is $370.91. Aon plc has a 12-month low of $291.64 and a 12-month high of $412.97.

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). 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 analysts' expectations of $4.83 billion. During the same quarter in the previous year, the company earned $5.66 EPS. The company's quarterly revenue was up 16.2% compared to the same quarter last year. On average, analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.84%. This is a boost from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. AON's dividend payout ratio (DPR) is presently 25.38%.

Analysts Set New Price Targets

Several research firms have weighed in on AON. Piper Sandler upgraded AON from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Redburn Atlantic raised AON to a "hold" rating in a research note on Tuesday, March 25th. Evercore ISI reduced their price objective on shares of AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Jefferies Financial Group raised their target price 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. Finally, Keefe, Bruyette & Woods reduced 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $397.27.

AON 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.