Dash Acquisitions Inc. Has $5.39 Million Stake in Aon plc (NYSE:AON)

Dash Acquisitions Inc. raised its stake in shares of Aon plc (NYSE:AON) by 41.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 17,697 shares of the financial services provider’s stock after purchasing an additional 5,205 shares during the period. AON makes up approximately 1.7% of Dash Acquisitions Inc.’s portfolio, making the stock its 20th biggest holding. Dash Acquisitions Inc.’s holdings in AON were worth $5,394,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cubic Asset Management LLC purchased a new position in shares of AON in the 4th quarter worth approximately $1,050,000. Charles Schwab Investment Management Inc. boosted its stake in shares of AON by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,058,309 shares of the financial services provider’s stock worth $307,989,000 after buying an additional 5,727 shares during the last quarter. Gryphon Financial Partners LLC boosted its stake in shares of AON by 262.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock worth $1,181,000 after buying an additional 2,989 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of AON by 177.4% in the 4th quarter. Cerity Partners LLC now owns 18,461 shares of the financial services provider’s stock worth $5,372,000 after buying an additional 11,806 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of AON by 1.5% in the 4th quarter. California State Teachers Retirement System now owns 331,760 shares of the financial services provider’s stock worth $96,549,000 after buying an additional 4,843 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

AON has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $311.00 target price on shares of AON in a research note on Tuesday, May 28th. Keefe, Bruyette & Woods lifted their price target on shares of AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Wells Fargo & Company lowered their price target on shares of AON from $289.00 to $287.00 and set an “underweight” rating on the stock in a report on Tuesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $315.00 price target on shares of AON in a report on Tuesday, June 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $321.71.

AON Trading Up 0.7 %

Shares of AON stock traded up $2.08 during trading on Tuesday, hitting $295.57. The stock had a trading volume of 982,749 shares, compared to its average volume of 1,307,563. The firm 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. Aon plc has a 12 month low of $268.06 and a 12 month high of $344.68. The business’s 50-day moving average is $289.28 and its 200 day moving average is $302.19.

AON (NYSE:AON) last released its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing the consensus estimate of $5.86 by ($0.20). The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.14 billion. AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $5.17 EPS. As a group, equities analysts expect that Aon plc will post 15.48 EPS for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a $0.675 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.62. This represents a $2.70 annualized dividend and a yield of 0.91%. AON’s payout ratio is 21.16%.

AON Company Profile

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.