ProShare Advisors LLC Purchases 2,098 Shares of Aon plc $AON

ProShare Advisors LLC boosted its position in shares of Aon plc (NYSE:AONFree Report) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,369 shares of the financial services provider’s stock after acquiring an additional 2,098 shares during the quarter. ProShare Advisors LLC’s holdings in AON were worth $16,010,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its stake in shares of AON by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 35 shares during the last quarter. Wealth Watch Advisors INC acquired a new stake in AON in the 3rd quarter valued at about $25,000. Eagle Bay Advisors LLC bought a new position in AON during the fourth quarter worth about $30,000. Strive Asset Management LLC acquired a new position in shares of AON during the 3rd quarter worth approximately $35,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of AON in the third quarter valued at $37,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON News Summary

Here are the key news stories impacting AON this week:

AON Stock Down 0.8%

Shares of NYSE AON opened at $321.13 on Thursday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market capitalization of $68.59 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 1.71 and a beta of 0.72. The company’s 50 day moving average price is $321.61 and its 200-day moving average price is $335.13. Aon plc has a 52-week low of $304.59 and a 52-week high of $381.00.

AON (NYSE:AONGet Free Report) last issued its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The firm had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same period last year, the business posted $5.67 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. Equities analysts forecast that Aon plc will post 19.07 earnings per share for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a dividend of $0.82 per share. This is a boost from AON’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 1st. AON’s payout ratio is currently 16.36%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $408.00 target price on shares of AON in a research report on Monday, February 2nd. Barclays reduced their price objective on shares of AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Piper Sandler lowered their price target on AON from $388.00 to $355.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Keefe, Bruyette & Woods lowered their price objective on shares of AON from $416.00 to $401.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Finally, Bank of America raised AON from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $398.00 to $397.00 in a report on Friday, February 27th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $397.88.

Get Our Latest Research Report on AON

AON Company Profile

(Free Report)

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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