Private Advisor Group LLC Grows Position in Aon plc (NYSE:AON)

Private Advisor Group LLC raised its position in Aon plc (NYSE:AON - Free Report) by 15.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,359 shares of the financial services provider's stock after buying an additional 868 shares during the quarter. Private Advisor Group LLC's holdings in AON were worth $2,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AON. Financial Gravity Asset Management Inc. purchased a new stake in shares of AON during the first quarter worth approximately $28,000. Tsfg LLC purchased a new stake in shares of AON during the first quarter worth approximately $37,000. Garde Capital Inc. purchased a new stake in shares of AON during the first quarter worth approximately $42,000. Nemes Rush Group LLC purchased a new stake in shares of AON during the fourth quarter worth approximately $55,000. Finally, Orion Capital Management LLC purchased a new stake in shares of AON during the fourth quarter worth approximately $63,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analysts Set New Price Targets

AON has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price target on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Evercore ISI cut their price objective on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Jefferies Financial Group increased their price objective on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Barclays cut their price objective on AON from $415.00 to $401.00 and set an "overweight" rating for the company in a research report on Monday, July 7th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $438.00 price objective (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $403.00.

AON Trading Up 4.5%

NYSE AON traded up $16.10 during trading hours on Friday, hitting $372.71. 2,251,364 shares of the company's stock were exchanged, compared to its average volume of 1,320,097. The business's 50 day moving average is $358.28 and its 200-day moving average is $370.77. Aon plc has a 12-month low of $304.12 and a 12-month high of $412.97. The firm has a market capitalization of $80.48 billion, a P/E ratio of 31.22, a price-to-earnings-growth ratio of 2.22 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 (NYSE:AON - Get Free Report) last released its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a return on equity of 52.71% and a net margin of 15.58%. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the prior year, the business posted $2.93 earnings per share. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.80%. AON's dividend payout ratio (DPR) is presently 24.96%.

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.