Summit Trail Advisors LLC lowered its stake in Aon plc (NYSE:AON - Free Report) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,380 shares of the financial services provider's stock after selling 1,686 shares during the quarter. AON makes up approximately 1.5% of Summit Trail Advisors LLC's investment portfolio, making the stock its 9th largest position. Summit Trail Advisors LLC owned 0.05% of AON worth $44,451,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in AON in the fourth quarter valued at about $596,665,000. Artisan Partners Limited Partnership increased its stake in shares of AON by 86.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock valued at $742,582,000 after buying an additional 960,204 shares during the period. GAMMA Investing LLC raised its holdings in AON by 56,460.0% in the 1st quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider's stock valued at $304,052,000 after buying an additional 760,516 shares during the last quarter. Geode Capital Management LLC boosted its position in AON by 14.5% during the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock worth $1,773,165,000 after buying an additional 627,742 shares during the period. Finally, First Trust Advisors LP grew its holdings in AON by 5,877.4% during the 4th quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider's stock worth $192,572,000 after acquiring an additional 527,204 shares during the last quarter. 86.14% of the stock is owned by institutional investors.
AON Trading Up 1.0%
Shares of NYSE:AON traded up $3.54 during mid-day trading on Friday, hitting $355.09. The company had a trading volume of 640,714 shares, compared to its average volume of 1,159,375. The company has a market capitalization of $76.68 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 2.10 and a beta of 0.84. Aon plc has a one year low of $292.37 and a one year high of $412.97. The firm has a fifty day moving average price of $357.36 and a 200 day moving average price of $370.67. 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 (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. AON had a net margin of 15.58% and a return on equity of 52.71%. AON's revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.66 EPS. As a group, research 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. Shareholders of record on Thursday, May 1st were paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Thursday, May 1st. 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
A number of equities analysts have recently commented on the stock. Evercore ISI cut their price target 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. Barclays cut 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. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 price target for the company in a research note on Tuesday, May 13th. Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and cut their price objective for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. raised their price target on shares of AON from $394.00 to $409.00 and gave the stock 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 given a buy rating to the company's stock. According to data from MarketBeat.com, AON has a consensus rating of "Hold" and an average price target of $397.27.
Read Our Latest Stock Analysis 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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