Yarbrough Capital LLC raised its stake in Aon plc (NYSE:AON – Get Rating) by 12.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,413 shares of the financial services provider’s stock after buying an additional 373 shares during the period. Yarbrough Capital LLC’s holdings in AON were worth $1,111,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. LVM Capital Management Ltd. MI acquired a new stake in AON in the first quarter valued at approximately $874,000. Stonnington Group LLC boosted its position in AON by 15.7% in the first quarter. Stonnington Group LLC now owns 1,105 shares of the financial services provider’s stock valued at $369,000 after buying an additional 150 shares in the last quarter. Beese Fulmer Investment Management Inc. boosted its position in AON by 5.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 18,033 shares of the financial services provider’s stock valued at $5,872,000 after buying an additional 951 shares in the last quarter. Crestwood Advisors Group LLC acquired a new position in shares of AON during the first quarter worth $202,000. Finally, Ridgewood Investments LLC acquired a new position in shares of AON during the first quarter worth $713,000. Hedge funds and other institutional investors own 85.01% of the company’s stock.
Shares of NYSE:AON traded up $3.67 during midday trading on Thursday, hitting $260.72. 3,968 shares of the company’s stock were exchanged, compared to its average volume of 993,811. The company has a debt-to-equity ratio of 7.50, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a 50 day moving average price of $281.98 and a 200-day moving average price of $290.96. The company has a market cap of $55.37 billion, a PE ratio of 40.80 and a beta of 0.94. Aon plc has a 12 month low of $223.19 and a 12 month high of $341.98.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 13th. Stockholders of record on Monday, May 2nd were given a dividend of $0.56 per share. The ex-dividend date was Friday, April 29th. This is an increase from AON’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a dividend yield of 0.86%. AON’s payout ratio is presently 35.56%.
A number of equities analysts have recently commented on AON shares. StockNews.com started coverage on shares of AON in a report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley lowered shares of AON from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $320.00 to $250.00 in a report on Friday, June 3rd. Finally, Wells Fargo & Company dropped their target price on shares of AON from $321.00 to $310.00 in a report on Monday, May 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, AON currently has an average rating of “Hold” and an average target price of $300.98.
In other AON news, Director Lester B. Knight bought 14,000 shares of the firm’s stock in a transaction dated Thursday, May 5th. The stock was bought at an average cost of $286.58 per share, with a total value of $4,012,120.00. Following the completion of the transaction, the director now directly owns 109,000 shares in the company, valued at approximately $31,237,220. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.99% of the company’s stock.
About AON (Get Rating)
Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captives management; and health solutions, such as health and benefits brokerages, and health care exchanges.
- Get a free copy of the StockNews.com research report on AON (AON)
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