Aon plc (NYSE:AON) Shares Acquired by MV Capital Management Inc.

MV Capital Management Inc. lifted its position in shares of Aon plc (NYSE:AON) by 19.4% during the first quarter, Holdings Channel reports. The firm owned 11,843 shares of the financial services provider’s stock after acquiring an additional 1,921 shares during the quarter. MV Capital Management Inc.’s holdings in AON were worth $3,952,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dash Acquisitions Inc. grew its holdings in shares of AON by 41.7% during the first quarter. Dash Acquisitions Inc. now owns 17,697 shares of the financial services provider’s stock worth $5,394,000 after buying an additional 5,205 shares during the last quarter. Diversified Trust Co boosted its holdings in AON by 15.1% in the 1st quarter. Diversified Trust Co now owns 12,733 shares of the financial services provider’s stock valued at $4,249,000 after purchasing an additional 1,666 shares in the last quarter. LVW Advisors LLC boosted its holdings in AON by 11.6% in the 1st quarter. LVW Advisors LLC now owns 1,166 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 121 shares in the last quarter. Sandy Cove Advisors LLC boosted its holdings in AON by 29.1% in the 1st quarter. Sandy Cove Advisors LLC now owns 1,870 shares of the financial services provider’s stock valued at $624,000 after purchasing an additional 422 shares in the last quarter. Finally, Cornerstone Wealth Group LLC boosted its holdings in AON by 15.4% in the 1st quarter. Cornerstone Wealth Group LLC now owns 826 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 110 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Up 0.7 %

NYSE AON traded up $2.08 on Tuesday, hitting $295.57. The stock had a trading volume of 982,749 shares, compared to its average volume of 1,307,563. Aon plc has a one year low of $268.06 and a one year high of $344.68. The stock has a market cap of $64.27 billion, a price-to-earnings ratio of 23.15, a P/E/G ratio of 1.94 and a beta of 0.91. The company’s 50-day moving average is $289.28 and its two-hundred day moving average is $302.19.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.86 by ($0.20). The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.14 billion. AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $5.17 earnings per share. On average, sell-side analysts anticipate that Aon plc will post 15.48 earnings per share for the current year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.91%. This is a boost from AON’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Tuesday, April 30th. AON’s dividend payout ratio (DPR) is presently 21.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AON shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $311.00 price objective on shares of AON in a report on Tuesday, May 28th. Keefe, Bruyette & Woods lifted their price target on shares of AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Citigroup started coverage on shares of AON in a research report on Wednesday, May 22nd. They set a “neutral” rating and a $309.00 price target for the company. Morgan Stanley lifted their price target on shares of AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $315.00 price target on shares of AON in a research report on Tuesday, June 18th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $321.71.

Insider Buying and Selling

In other AON news, Director Lester B. Knight bought 10,000 shares of AON stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of $276.61 per share, for a total transaction of $2,766,100.00. Following the completion of the acquisition, the director now owns 139,000 shares of the company’s stock, valued at approximately $38,448,790. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.15% of the stock is currently owned by insiders.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.