Wealthspire Advisors LLC Has $96.55 Million Holdings in Aon plc $AON

Wealthspire Advisors LLC grew its holdings in Aon plc (NYSE:AON) by 18.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 273,596 shares of the financial services provider’s stock after purchasing an additional 42,739 shares during the period. AON comprises approximately 0.8% of Wealthspire Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. Wealthspire Advisors LLC owned approximately 0.13% of AON worth $96,547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in AON by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 20,171,049 shares of the financial services provider’s stock worth $7,117,960,000 after buying an additional 191,658 shares during the last quarter. Capital World Investors increased its holdings in AON by 1.5% during the fourth quarter. Capital World Investors now owns 12,252,904 shares of the financial services provider’s stock worth $4,323,850,000 after buying an additional 176,207 shares during the last quarter. State Street Corp increased its holdings in AON by 1.2% during the third quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock worth $3,291,048,000 after buying an additional 105,154 shares during the last quarter. Geode Capital Management LLC increased its holdings in AON by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 5,141,363 shares of the financial services provider’s stock worth $1,810,726,000 after buying an additional 28,066 shares during the last quarter. Finally, Dodge & Cox acquired a new position in AON during the third quarter worth $1,235,437,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Trading Up 0.1%

Shares of AON stock opened at $335.51 on Friday. The firm has a 50-day moving average of $322.69 and a 200-day moving average of $332.68. The stock has a market cap of $71.66 billion, a PE ratio of 18.41, a PEG ratio of 1.76 and a beta of 0.71. Aon plc has a 52-week low of $304.59 and a 52-week high of $381.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95.

AON (NYSE:AON) last announced its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter in the previous year, the business posted $5.67 earnings per share. AON’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts forecast that Aon plc will post 19.1 EPS for the current year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.82 per share. This is a positive change 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 dividend payout ratio (DPR) is currently 16.36%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AON. Weiss Ratings restated a “hold (c)” rating on shares of AON in a report on Tuesday, April 21st. JPMorgan Chase & Co. lowered their target price on shares of AON from $406.00 to $396.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Bank of America upgraded shares of AON from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $398.00 to $397.00 in a report on Friday, February 27th. Mizuho decreased their price objective on shares of AON from $394.00 to $389.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Finally, Barclays decreased their price objective on shares of AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $396.81.

AON Company Profile

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.