Robeco Institutional Asset Management B.V. raised its holdings in shares of Aon plc (NYSE:AON - Free Report) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,108 shares of the financial services provider's stock after acquiring an additional 747 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in AON were worth $21,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its position in shares of AON by 196.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 2,416 shares of the financial services provider's stock valued at $868,000 after buying an additional 1,600 shares during the period. QRG Capital Management Inc. increased its holdings in AON by 16.2% during the 4th quarter. QRG Capital Management Inc. now owns 7,528 shares of the financial services provider's stock worth $2,704,000 after acquiring an additional 1,052 shares during the period. Linscomb Wealth Inc. bought a new position in AON in the 4th quarter valued at $558,000. SVB Wealth LLC purchased a new position in shares of AON during the 4th quarter valued at $567,000. Finally, Maripau Wealth Management LLC bought a new position in shares of AON in the fourth quarter worth $275,000. Hedge funds and other institutional investors own 86.14% of the company's stock.
AON Price Performance
Shares of AON stock opened at $352.98 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.73 and a quick ratio of 1.73. Aon plc has a one year low of $291.72 and a one year high of $412.97. The business's 50 day simple moving average is $358.09 and its two-hundred day simple moving average is $370.91. The stock has a market capitalization of $76.22 billion, a P/E ratio of 30.07, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86.
AON (NYSE:AON - Get Free Report) last issued its 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). The firm had revenue of $4.73 billion during the quarter, compared to analysts' expectations of $4.83 billion. AON had a return on equity of 52.71% and a net margin of 15.58%. The firm's quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.66 earnings per share. Analysts forecast that Aon plc will post 17.21 EPS for the current 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 paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. This is an increase from AON's previous quarterly dividend of $0.68. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio is 25.38%.
Analysts Set New Price Targets
Several research analysts recently weighed in on AON shares. Barclays decreased their price objective on shares of AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Evercore ISI dropped their price target on 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. increased their price objective on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective on the stock in a report on Tuesday, May 13th. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $397.27.
Check Out Our Latest Analysis on AON
AON 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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