Wealthedge Investment Advisors LLC Buys Shares of 1,777 Aon plc (NYSE:AON)

Wealthedge Investment Advisors LLC acquired a new position in Aon plc (NYSE:AON - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,777 shares of the financial services provider's stock, valued at approximately $638,000.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in AON by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock worth $444,563,000 after acquiring an additional 31,021 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in AON by 27.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock worth $34,676,000 after acquiring an additional 20,942 shares during the period. Aviva PLC increased its holdings in AON by 19.0% during the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock worth $91,859,000 after acquiring an additional 40,850 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in AON by 5.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock worth $9,530,000 after acquiring an additional 1,451 shares during the period. Finally, Proficio Capital Partners LLC increased its holdings in AON by 43,000.8% during the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock worth $140,404,000 after acquiring an additional 390,017 shares during the period. Institutional investors own 86.14% of the company's stock.

AON Stock Performance

AON traded up $5.16 during midday trading on Friday, reaching $372.08. The company had a trading volume of 1,849,194 shares, compared to its average volume of 1,198,236. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The business has a 50-day moving average of $367.16 and a two-hundred day moving average of $374.27. The company has a market cap of $80.35 billion, a P/E ratio of 29.39, a P/E/G ratio of 2.12 and a beta of 0.89. Aon plc has a 1 year low of $276.76 and a 1 year high of $412.97.

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 (EPS) for the quarter, missing the consensus estimate 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 return on equity of 70.84% and a net margin of 16.91%. The business's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.66 EPS. As a group, equities research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.80%. This is a positive change from AON's previous quarterly dividend of $0.68. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio (DPR) is presently 25.38%.

Wall Street Analyst Weigh In

AON has been the topic of a number of research analyst reports. Evercore ISI decreased their price target 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. Wells Fargo & Company increased their price target on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Redburn Partners set a $445.00 price target on shares of AON in a report on Tuesday, March 25th. Keefe, Bruyette & Woods decreased their price target on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Royal Bank of Canada increased their price target on shares of AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. One 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $397.27.

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.