Pallas Capital Advisors LLC bought a new stake in Aon plc (NYSE:AON - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,454 shares of the financial services provider's stock, valued at approximately $580,000.
A number of other hedge funds also recently modified their holdings of the business. Farther Finance Advisors LLC increased its stake in shares of AON by 26.0% in the first quarter. Farther Finance Advisors LLC now owns 1,265 shares of the financial services provider's stock worth $505,000 after purchasing an additional 261 shares during the period. Portside Wealth Group LLC lifted its holdings in AON by 530.6% during the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock worth $4,412,000 after buying an additional 9,302 shares in the last quarter. Wesbanco Bank Inc. lifted its holdings in AON by 0.3% during the 1st quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock worth $4,765,000 after buying an additional 31 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in shares of AON by 5.0% during the 1st quarter. Capital Investment Advisors LLC now owns 1,917 shares of the financial services provider's stock worth $765,000 after buying an additional 92 shares during the last quarter. Finally, Wedmont Private Capital boosted its stake in shares of AON by 9.6% during the 1st quarter. Wedmont Private Capital now owns 2,046 shares of the financial services provider's stock worth $770,000 after buying an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently issued reports on AON shares. 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. JPMorgan Chase & Co. lifted their price target on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods cut their price target on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Jefferies Financial Group boosted 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, Barclays decreased their target price on shares of AON from $430.00 to $415.00 and set an "overweight" rating for the company 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $397.27.
Check Out Our Latest Research Report on AON
AON Stock Performance
Shares of AON stock traded down $3.11 during midday trading on Friday, hitting $352.67. The company had a trading volume of 1,025,261 shares, compared to its average volume of 1,177,966. The stock has a market cap of $76.16 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 2.12 and a beta of 0.86. Aon plc has a 12-month low of $285.35 and a 12-month high of $412.97. The company has a fifty day simple moving average of $361.74 and a 200 day simple moving average of $372.80. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.
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 the consensus estimate of $6.04 by ($0.37). AON had a return on equity of 70.84% and a net margin of 16.91%. The company had revenue of $4.73 billion for the quarter, compared to analysts' expectations of $4.83 billion. During the same quarter in the prior year, the firm earned $5.66 EPS. The firm's revenue was up 16.2% on a year-over-year basis. As a group, analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.
AON Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.745 dividend. This is an increase from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio is presently 25.38%.
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.
Read More
Before you consider AON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AON wasn't on the list.
While AON currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
