Salvus Wealth Management LLC Acquires 1,158 Shares of Aon plc (NYSE:AON)

Salvus Wealth Management LLC increased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 20.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,876 shares of the financial services provider's stock after purchasing an additional 1,158 shares during the period. AON makes up 1.7% of Salvus Wealth Management LLC's portfolio, making the stock its 15th biggest position. Salvus Wealth Management LLC's holdings in AON were worth $2,744,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new stake in AON during the 4th quarter worth about $32,000. Centricity Wealth Management LLC acquired a new position in shares of AON in the fourth quarter valued at approximately $39,000. Kestra Investment Management LLC bought a new position in AON during the 4th quarter worth $39,000. Nemes Rush Group LLC bought a new stake in AON in the 4th quarter valued at about $55,000. Finally, Orion Capital Management LLC bought a new stake in shares of AON in the fourth quarter valued at approximately $63,000. Institutional investors own 86.14% of the company's stock.

AON Trading Up 0.2%

NYSE:AON traded up $0.82 during trading hours on Friday, hitting $371.31. 705,574 shares of the company were exchanged, compared to its average volume of 1,191,760. The company has a fifty day simple moving average of $364.81 and a 200 day simple moving average of $374.00. Aon plc has a one year low of $282.98 and a one year high of $412.97. The stock has a market capitalization of $80.18 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. AON's revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.66 earnings per share. Sell-side analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Thursday, May 1st. This is an increase from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is currently 25.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AON shares. Keefe, Bruyette & Woods reduced their price objective on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Barclays reduced their price objective on AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. boosted their target price on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a research note on Tuesday, May 13th. Finally, Redburn Atlantic raised shares of AON to a "hold" rating in a report on Tuesday, March 25th. One equities 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's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $397.27.

AON Profile

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.