Vident Advisory LLC Acquires 9,597 Shares of Aon plc (NYSE:AON)

Vident Advisory LLC boosted its position in shares of Aon plc (NYSE:AON - Free Report) by 508.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,486 shares of the financial services provider's stock after acquiring an additional 9,597 shares during the period. Vident Advisory LLC's holdings in AON were worth $4,126,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new stake in AON during the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. increased its stake in shares of AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after buying an additional 81 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of AON during the fourth quarter worth about $32,000. Centricity Wealth Management LLC purchased a new stake in AON in the 4th quarter worth approximately $39,000. Finally, Kestra Investment Management LLC bought a new position in AON in the 4th quarter worth $39,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of NYSE AON traded up $1.83 during trading on Monday, hitting $357.16. The company had a trading volume of 1,087,263 shares, compared to its average volume of 1,198,103. Aon plc has a 12 month low of $275.07 and a 12 month 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. The firm has a market capitalization of $77.13 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. The stock has a 50 day simple moving average of $369.50 and a 200 day simple moving average of $374.73.

AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a net margin of 16.91% and a return on equity of 70.84%. The firm had revenue of $4.73 billion for the quarter, compared to analysts' expectations of $4.83 billion. During the same quarter last year, the firm posted $5.66 EPS. The firm's quarterly revenue was up 16.2% compared to the same quarter last year. As a group, analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The business also recently disclosed 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. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, May 1st. AON's dividend payout ratio (DPR) is 25.38%.

Wall Street Analysts Forecast Growth

AON has been the topic of several research reports. Royal Bank of Canada lifted their price objective on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. Redburn Partners set a $445.00 price target on AON in a research report on Tuesday, March 25th. Redburn Atlantic raised shares of AON to a "hold" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. upped their target price on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Finally, Evercore ISI decreased their price target on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. One 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. Based on data from MarketBeat, AON currently has an average rating of "Hold" and an average target price of $397.27.

AON 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.