Value Partners Investments Inc. lifted its position in shares of Aon plc (NYSE:AON - Free Report) by 58.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,347 shares of the financial services provider's stock after buying an additional 862 shares during the quarter. Value Partners Investments Inc.'s holdings in AON were worth $937,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in AON by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider's stock worth $7,010,714,000 after buying an additional 88,361 shares during the period. Geode Capital Management LLC grew its stake in AON by 14.5% during the fourth 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. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in AON by 2.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider's stock worth $824,498,000 after buying an additional 64,720 shares during the period. Northern Trust Corp grew its stake in AON by 9.3% during the fourth quarter. Northern Trust Corp now owns 2,158,943 shares of the financial services provider's stock worth $775,406,000 after buying an additional 183,442 shares during the period. Finally, Neuberger Berman Group LLC grew its stake in AON by 4.2% during the fourth quarter. Neuberger Berman Group LLC now owns 2,123,862 shares of the financial services provider's stock worth $762,796,000 after buying an additional 86,148 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.
AON Stock Down 0.2%
AON traded down $0.57 during trading on Friday, hitting $352.98. The company had a trading volume of 4,487,855 shares, compared to its average volume of 1,160,725. The company has a market cap of $76.22 billion, a PE ratio of 30.07, a P/E/G ratio of 2.11 and a beta of 0.86. The business has a 50-day moving average of $358.37 and a 200-day moving average of $370.91. 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 plc has a 1-year low of $291.64 and a 1-year 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 the consensus estimate of $6.04 by ($0.37). The company had revenue of $4.73 billion during 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%. The company's revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the company earned $5.66 earnings per share. As a group, analysts forecast 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. Stockholders of record on Thursday, May 1st were given a $0.745 dividend. This is an increase from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, May 1st. AON's dividend payout ratio (DPR) is presently 25.38%.
Analyst Ratings Changes
AON has been the subject of several research reports. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. Jefferies Financial Group boosted their price objective on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Barclays decreased their target price on shares of AON from $430.00 to $415.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Redburn Partners set a $445.00 target price on shares of AON in a research note on Tuesday, March 25th. Finally, Evercore ISI decreased their target price 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $397.27.
Read Our Latest Stock Report on AON
AON 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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