Personal CFO Solutions LLC Acquires 2,510 Shares of Aon plc (NYSE:AON)

Personal CFO Solutions LLC boosted its holdings in shares of Aon plc (NYSE:AON - Free Report) by 76.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,784 shares of the financial services provider's stock after buying an additional 2,510 shares during the period. Personal CFO Solutions LLC's holdings in AON were worth $2,308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new stake in AON during the 4th quarter valued at about $32,000. Tsfg LLC bought a new position in shares of AON in the first quarter worth approximately $37,000. Garde Capital Inc. bought a new stake in AON in the 1st quarter worth $42,000. Nemes Rush Group LLC purchased a new stake in shares of AON during the fourth quarter worth about $55,000. Finally, Orion Capital Management LLC purchased a new position in AON during the 4th quarter valued at about $63,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Up 0.6%

Shares of AON stock traded up $2.08 during mid-day trading on Wednesday, hitting $356.65. The company's stock had a trading volume of 875,084 shares, compared to its average volume of 1,166,016. The stock has a market cap of $77.02 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 2.12 and a beta of 0.84. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.73 and a current ratio of 1.73. Aon plc has a 52-week low of $292.45 and a 52-week high of $412.97. The business has a 50-day moving average price of $358.02 and a 200 day moving average price of $370.74.

AON (NYSE:AON - Get Free Report) last issued its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share 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 business had revenue of $4.73 billion during the quarter, compared to analysts' expectations of $4.83 billion. During the same period last year, the firm posted $5.66 EPS. AON's quarterly revenue was up 16.2% compared to the same quarter last year. Research analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. This is a boost from AON's previous quarterly dividend of $0.68. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio is presently 25.38%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Piper Sandler upgraded AON from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Barclays decreased their price objective on AON from $415.00 to $401.00 and set an "overweight" rating for the company in a report on Monday. Jefferies Financial Group boosted their target price on shares of AON from $396.00 to $416.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of AON from $414.00 to $409.00 and set an "outperform" 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 issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $396.33.

About AON

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.