Yousif Capital Management LLC Buys 1,584 Shares of Aon plc (NYSE:AON)

Yousif Capital Management LLC raised its stake in Aon plc (NYSE:AON - Free Report) by 5.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,193 shares of the financial services provider's stock after acquiring an additional 1,584 shares during the quarter. Yousif Capital Management LLC's holdings in AON were worth $11,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AON. Pallas Capital Advisors LLC acquired a new position in AON during the 1st quarter worth $580,000. Farther Finance Advisors LLC increased its position in AON by 26.0% in the first quarter. Farther Finance Advisors LLC now owns 1,265 shares of the financial services provider's stock worth $505,000 after purchasing an additional 261 shares during the period. Portside Wealth Group LLC lifted its position in AON by 530.6% during the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock valued at $4,412,000 after purchasing an additional 9,302 shares during the period. Wesbanco Bank Inc. boosted its stake in shares of AON by 0.3% in the 1st quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock valued at $4,765,000 after purchasing an additional 31 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its position in shares of AON by 5.0% during the 1st quarter. Capital Investment Advisors LLC now owns 1,917 shares of the financial services provider's stock worth $765,000 after buying an additional 92 shares during the period. 86.14% of the stock is owned by institutional investors.

AON Stock Down 0.9%

AON stock traded down $3.11 during trading hours on Friday, reaching $352.67. 1,025,261 shares of the stock were exchanged, compared to its average volume of 1,179,241. The firm's 50-day moving average is $361.74 and its 200-day moving average is $372.80. Aon plc has a 12 month low of $285.35 and a 12 month high of $412.97. The company has a market cap of $76.16 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 2.12 and a beta of 0.86. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $4.83 billion. During the same period in the prior year, the business posted $5.66 EPS. The firm's quarterly revenue was up 16.2% compared to the same quarter last year. On average, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.745 per share. This is a boost from AON's previous quarterly dividend of $0.68. The ex-dividend date was Thursday, May 1st. This represents a $2.98 annualized dividend and a yield of 0.84%. AON's dividend payout ratio is presently 25.38%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AON. Keefe, Bruyette & Woods cut their price objective 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. Evercore ISI reduced their price target on AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Redburn Partners set a $445.00 price objective on AON in a report on Tuesday, March 25th. Piper Sandler upgraded AON from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Finally, Jefferies Financial Group upped their price target on AON from $396.00 to $416.00 and gave the company a "hold" rating in a research note on Friday, April 11th. One equities research 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. According to data from MarketBeat, AON presently has a consensus rating of "Hold" and a consensus 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.