Simplicity Wealth LLC Purchases 1,316 Shares of Aon plc (NYSE:AON)

Simplicity Wealth LLC increased its position in Aon plc (NYSE:AON - Free Report) by 203.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,964 shares of the financial services provider's stock after purchasing an additional 1,316 shares during the quarter. Simplicity Wealth LLC's holdings in AON were worth $784,000 at the end of the most recent quarter.

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

AON Trading Up 1.8%

Shares of NYSE:AON traded up $6.19 during trading on Thursday, hitting $355.67. 1,366,391 shares of the company's stock were exchanged, compared to its average volume of 1,179,275. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market cap of $76.80 billion, a P/E ratio of 28.09, a PEG ratio of 2.12 and a beta of 0.86. The firm has a 50-day moving average price of $362.04 and a two-hundred day moving average price of $373.29. Aon plc has a 1-year low of $285.35 and a 1-year high of $412.97.

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). AON had a net margin of 16.91% and a return on equity of 70.84%. The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the previous year, the firm posted $5.66 EPS. The business's revenue was up 16.2% on a year-over-year basis. Equities analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. This is a boost from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is 25.38%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AON shares. Evercore ISI lowered 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. Keefe, Bruyette & Woods dropped their price objective on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Jefferies Financial Group boosted their target price on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Redburn Partners set a $445.00 price target on AON in a report on Tuesday, March 25th. Finally, 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, AON presently has an average rating of "Hold" and an average target price of $397.27.

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.