Wealth Enhancement Advisory Services LLC boosted its stake in shares of Aon plc (NYSE:AON - Free Report) by 61.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,308 shares of the financial services provider's stock after purchasing an additional 17,226 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in AON were worth $18,082,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new stake in AON during the fourth quarter valued at approximately $32,000. Kestra Investment Management LLC purchased a new stake in AON during the fourth quarter valued at approximately $39,000. Centricity Wealth Management LLC purchased a new stake in AON during the fourth quarter valued at approximately $39,000. Nemes Rush Group LLC purchased a new stake in AON during the fourth quarter valued at approximately $55,000. Finally, Orion Capital Management LLC purchased a new stake in AON during the fourth quarter valued at approximately $63,000. Institutional investors own 86.14% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on AON shares. Redburn Atlantic raised shares of AON to a "hold" rating in a research note on Tuesday, March 25th. Redburn Partners set a $445.00 price objective on shares of AON in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods reduced their price objective on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Barclays reduced their price objective 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. Finally, JPMorgan Chase & Co. increased their price objective 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, AON presently has a consensus rating of "Hold" and an average price target of $397.27.
View Our Latest Report on AON
AON Trading Up 1.1%
Shares of AON opened at $354.82 on Friday. Aon plc has a 1-year low of $285.35 and a 1-year high of $412.97. The company has a 50-day moving average of $359.85 and a 200 day moving average of $371.38. The firm has a market capitalization of $76.62 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.12 and a beta of 0.86. 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 posted its earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The business had revenue of $4.73 billion for the quarter, compared to analysts' expectations of $4.83 billion. AON had a net margin of 15.58% and a return on equity of 52.71%. The company's revenue for the quarter was up 16.2% on a year-over-year basis. During the same period last year, the business posted $5.66 EPS. On average, research analysts expect that Aon plc will post 17.21 EPS 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 paid a dividend of $0.745 per share. This is a positive change from AON's previous quarterly dividend of $0.68. The ex-dividend date was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.84%. AON's payout ratio is presently 25.38%.
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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