Aon plc (NYSE:AON) Shares Acquired by Portside Wealth Group LLC

Portside Wealth Group LLC raised its stake in shares of Aon plc (NYSE:AON) by 530.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,055 shares of the financial services provider’s stock after purchasing an additional 9,302 shares during the period. Portside Wealth Group LLC’s holdings in AON were worth $4,412,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AON. Norges Bank acquired a new position in AON during the fourth quarter worth approximately $596,665,000. Artisan Partners Limited Partnership increased its position in AON by 86.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider’s stock worth $742,582,000 after purchasing an additional 960,204 shares during the last quarter. GAMMA Investing LLC increased its position in AON by 56,460.0% during the first quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider’s stock worth $304,052,000 after purchasing an additional 760,516 shares during the last quarter. Geode Capital Management LLC increased its position in AON by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock worth $1,773,165,000 after purchasing an additional 627,742 shares during the last quarter. Finally, First Trust Advisors LP increased its position in AON by 5,877.4% during the fourth quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider’s stock worth $192,572,000 after purchasing an additional 527,204 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Up 0.2%

Shares of NYSE:AON opened at $371.31 on Monday. The stock has a market capitalization of $80.18 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. Aon plc has a 1-year low of $283.27 and a 1-year high of $412.97. The company’s fifty day moving average is $364.26 and its two-hundred day moving average is $373.84. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.

AON (NYSE:AON) last issued its 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. During the same period last year, the company posted $5.66 earnings per share. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. Equities analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Thursday, May 1st. This is a boost from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio (DPR) is 25.38%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AON shares. Barclays decreased their price objective on shares of AON from $430.00 to $415.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price objective on shares of AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Jefferies Financial Group upped their target price on shares of AON from $396.00 to $416.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Redburn Atlantic upgraded shares of AON to a “hold” rating in a research note on Tuesday, March 25th. Finally, The Goldman Sachs Group upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 target price for the company in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, AON has an average rating of “Hold” and an average 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.