ORG Wealth Partners LLC acquired a new stake in shares of Aon plc (NYSE:AON - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 908 shares of the financial services provider's stock, valued at approximately $362,000.
A number of other large investors also recently bought and sold shares of AON. Millstone Evans Group LLC acquired a new stake in shares of AON during the 4th quarter valued at approximately $32,000. Kestra Investment Management LLC acquired a new stake in shares of AON during the fourth quarter worth $39,000. Centricity Wealth Management LLC bought a new position in shares of AON in the 4th quarter worth about $39,000. Nemes Rush Group LLC acquired a new position in shares of AON in the 4th quarter valued at about $55,000. Finally, Orion Capital Management LLC bought a new stake in shares of AON during the 4th quarter valued at about $63,000. Institutional investors own 86.14% of the company's stock.
AON Stock Performance
AON stock opened at $350.42 on Friday. The company has a 50-day simple moving average of $360.26 and a 200 day simple moving average of $371.66. The company has a market capitalization of $75.67 billion, a P/E ratio of 29.85, a PEG ratio of 2.10 and a beta of 0.86. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26. Aon plc has a fifty-two week low of $285.35 and a fifty-two week high of $412.97.
AON (NYSE:AON - Get Free Report) last released 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 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 quarter last year, the firm posted $5.66 earnings per share. The firm's quarterly revenue was up 16.2% compared to the same quarter last year. Sell-side analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.
AON Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.745 per share. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio (DPR) is presently 25.38%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. Barclays cut their target price on shares of AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a report on Tuesday, May 13th. Jefferies Financial Group upped their price objective on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Redburn Partners set a $445.00 target price on AON in a research report on Tuesday, March 25th. Finally, Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $384.00 to $378.00 in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $397.27.
View Our Latest Stock Report 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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