Schechter Investment Advisors LLC grew its position in Aon plc (NYSE:AON - Free Report) by 31.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,907 shares of the financial services provider's stock after acquiring an additional 2,117 shares during the quarter. Schechter Investment Advisors LLC's holdings in AON were worth $3,555,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in AON. Portside Wealth Group LLC grew 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 acquiring an additional 9,302 shares in the last quarter. Aviva PLC grew its holdings in AON by 19.0% during the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock worth $91,859,000 after acquiring an additional 40,850 shares in the last quarter. WCM Investment Management LLC grew its holdings in AON by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock worth $809,544,000 after acquiring an additional 6,038 shares in the last quarter. Ninety One North America Inc. grew its holdings in AON by 64.4% during the 1st quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider's stock worth $2,986,000 after acquiring an additional 2,932 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its holdings in AON by 425.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock worth $761,000 after acquiring an additional 1,544 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.
AON Stock Performance
Shares of AON stock traded down $3.15 during midday trading on Friday, hitting $355.85. The company had a trading volume of 857,263 shares, compared to its average volume of 1,164,048. The stock has a market cap of $76.84 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 2.12 and a beta of 0.84. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26. The company has a fifty day simple moving average of $358.19 and a 200 day simple moving average of $370.67. Aon plc has a 12-month low of $295.79 and a 12-month high of $412.97.
AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $4.83 billion. During the same period in the prior year, the business posted $5.66 earnings per share. The business's quarterly revenue was up 16.2% compared to the same quarter last year. As a group, analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.
AON Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. AON's dividend payout ratio is presently 25.38%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on AON shares. Evercore ISI dropped their target price on shares of AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $384.00 to $378.00 in a report on Monday, April 28th. Redburn Atlantic upgraded shares of AON to a "hold" rating in a report on Tuesday, March 25th. 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 report on Tuesday, May 13th. Finally, Barclays lowered their price target on shares of AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $403.00.
Check Out Our Latest Research Report on AON
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.
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