WCM Investment Management LLC Acquires 6,038 Shares of Aon plc (NYSE:AON)

WCM Investment Management LLC increased its stake in Aon plc (NYSE:AON - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,051,816 shares of the financial services provider's stock after purchasing an additional 6,038 shares during the period. AON makes up approximately 2.1% of WCM Investment Management LLC's portfolio, making the stock its 17th biggest holding. WCM Investment Management LLC owned approximately 0.95% of AON worth $809,544,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AON. Millstone Evans Group LLC purchased a new position in shares of AON in the 4th quarter worth about $32,000. Tsfg LLC bought a new stake in AON in the 1st quarter worth approximately $37,000. Garde Capital Inc. purchased a new stake in AON in the first quarter worth approximately $42,000. Nemes Rush Group LLC bought a new position in AON during the fourth quarter valued at approximately $55,000. Finally, Orion Capital Management LLC purchased a new position in shares of AON during the fourth quarter worth approximately $63,000. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AON shares. Evercore ISI reduced their target price 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. Keefe, Bruyette & Woods decreased their price objective on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their target price on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a research note on Tuesday, May 13th. Finally, Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $384.00 to $378.00 in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, AON presently has an average rating of "Hold" and an average target price of $397.27.

AON Trading Down 1.6%

AON stock traded down $5.58 during mid-day trading on Wednesday, reaching $351.35. 1,272,554 shares of the company traded hands, compared to its average volume of 1,159,496. 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 52-week low of $291.72 and a 52-week high of $412.97. The firm has a market capitalization of $75.87 billion, a price-to-earnings ratio of 29.93, a P/E/G ratio of 2.13 and a beta of 0.84. The firm's 50 day moving average price is $357.88 and its 200 day moving average price is $370.85.

AON (NYSE:AON - Get Free Report) last announced 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). AON had a net margin of 15.58% and a return on equity of 52.71%. The company had revenue of $4.73 billion for the quarter, compared to analysts' expectations of $4.83 billion. During the same quarter in the prior year, the firm earned $5.66 EPS. AON's quarterly revenue was up 16.2% compared to the same quarter last year. On average, analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.85%. 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 presently 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.