Sone Capital Management LLC Takes $5.20 Million Position in Aon plc (NYSE:AON)

Sone Capital Management LLC bought a new position in shares of Aon plc (NYSE:AON - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,489 shares of the financial services provider's stock, valued at approximately $5,204,000.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in AON by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock worth $444,563,000 after acquiring an additional 31,021 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in AON by 27.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock worth $34,676,000 after acquiring an additional 20,942 shares during the last quarter. Aviva PLC boosted its position in AON by 19.0% during the fourth 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 during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of AON by 5.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock valued at $9,530,000 after acquiring an additional 1,451 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its stake in shares of AON by 43,000.8% during the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock valued at $140,404,000 after acquiring an additional 390,017 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

AON has been the subject of a number of research analyst reports. 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 research note on Wednesday, April 30th. Evercore ISI dropped their price objective on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company upped their price objective on shares of AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Barclays reduced their target price on AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lifted their target price on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $397.27.

AON Stock Up 0.5%

AON stock traded up $1.83 during trading on Friday, reaching $357.16. 1,087,263 shares of the company's stock were exchanged, compared to its average volume of 1,200,198. The firm has a market cap of $77.13 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 2.12 and a beta of 0.89. The company's 50-day moving average is $369.50 and its two-hundred day moving average is $374.81. Aon plc has a 52-week low of $275.07 and a 52-week high of $412.97. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $4.73 billion during the quarter, compared to analysts' expectations of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The company's revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the prior year, the company posted $5.66 EPS. On average, analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.745 dividend. 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 0.83%. This is an increase from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio is currently 25.38%.

AON Company 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.