NewEdge Advisors LLC Has $4.33 Million Position in Aon plc (NYSE:AON)

NewEdge Advisors LLC boosted its holdings in shares of Aon plc (NYSE:AON - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,064 shares of the financial services provider's stock after purchasing an additional 1,075 shares during the quarter. NewEdge Advisors LLC's holdings in AON were worth $4,333,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in shares of AON during the 3rd quarter worth approximately $1,685,000. Anchor Investment Management LLC grew its stake in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after buying an additional 93 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in shares of AON by 11.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 10,093 shares of the financial services provider's stock worth $3,492,000 after purchasing an additional 1,012 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of AON in the third quarter valued at about $275,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in AON during the 3rd quarter worth about $1,959,000. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on AON. Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and increased their price target for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Barclays dropped their target price on AON from $440.00 to $430.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. lifted their price objective on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods upped their target price on shares of AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group lifted their price target on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five 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 an average target price of $393.87.

AON Stock Down 8.9 %

AON traded down $32.32 during trading on Friday, reaching $332.73. 3,400,665 shares of the stock were exchanged, compared to its average volume of 1,279,087. The stock has a market cap of $71.87 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. 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 stock's 50 day moving average price is $387.62 and its two-hundred day moving average price is $375.76. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97.

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 for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a return on equity of 70.84% and a net margin of 16.91%. The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. Equities analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.745 dividend. This is an increase from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, May 1st. AON's payout ratio is currently 23.54%.

About AON

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.