Tectonic Advisors LLC Has $1.18 Million Position in Aon plc (NYSE:AON)

Tectonic Advisors LLC boosted its holdings in Aon plc (NYSE:AON - Free Report) by 97.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,949 shares of the financial services provider's stock after purchasing an additional 1,452 shares during the period. Tectonic Advisors LLC's holdings in AON were worth $1,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new position in AON in the first quarter valued at $28,000. Millstone Evans Group LLC bought a new position in AON in the fourth quarter valued at $32,000. Tsfg LLC bought a new position in AON in the first quarter valued at $37,000. Garde Capital Inc. bought a new position in shares of AON in the 1st quarter valued at about $42,000. Finally, Nemes Rush Group LLC bought a new position in shares of AON in the 4th quarter valued at about $55,000. Institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Redburn Atlantic raised shares of AON to a "hold" rating in a research report on Tuesday, March 25th. Barclays decreased their price objective on shares of AON from $415.00 to $401.00 and set an "overweight" rating for the company in a research report on Monday, July 7th. Wells Fargo & Company reissued an "overweight" rating and issued a $438.00 price objective (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective for the company in a research report on Tuesday, May 13th. Finally, Evercore ISI reduced their target price on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $403.00.

AON Stock Performance

AON stock traded up $1.75 during midday trading on Friday, hitting $356.38. The company's stock had a trading volume of 1,079,879 shares, compared to its average volume of 1,164,644. Aon plc has a 1-year low of $295.79 and a 1-year high of $412.97. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.73 and a quick ratio of 1.73. The company has a 50-day moving average price of $358.06 and a two-hundred day moving average price of $370.45. The company has a market cap of $76.96 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 2.11 and a beta of 0.84.

AON (NYSE:AON - Get Free Report) last issued 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). AON had a return on equity of 52.71% and a net margin of 15.58%. The business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same quarter last year, the firm earned $5.66 EPS. AON's revenue for the quarter was up 16.2% compared to the same quarter last year. As a group, sell-side analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, August 1st. AON's payout ratio is presently 25.38%.

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.