Simplicity Wealth LLC Buys 1,316 Shares of Aon plc (NYSE:AON)

Simplicity Wealth LLC increased its stake in shares of Aon plc (NYSE:AON) by 203.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,964 shares of the financial services provider’s stock after purchasing an additional 1,316 shares during the quarter. Simplicity Wealth LLC’s holdings in AON were worth $784,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Millstone Evans Group LLC bought a new position in shares of AON during the 4th quarter valued at approximately $32,000. Centricity Wealth Management LLC purchased a new position in AON during the 4th quarter valued at $39,000. Kestra Investment Management LLC purchased a new position in AON during the 4th quarter valued at $39,000. Nemes Rush Group LLC purchased a new position in AON during the 4th quarter valued at $55,000. Finally, Orion Capital Management LLC purchased a new position in AON during the 4th quarter valued at $63,000. Institutional investors own 86.14% of the company’s stock.

AON Trading Down 0.6%

Shares of NYSE:AON opened at $349.77 on Thursday. The business’s 50-day moving average is $362.04 and its 200 day moving average is $373.29. Aon plc has a 1 year low of $285.35 and a 1 year high of $412.97. The firm has a market capitalization of $75.53 billion, a P/E ratio of 27.63, a P/E/G ratio of 2.12 and a beta of 0.86. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

AON (NYSE:AON) last announced its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.04 by ($0.37). The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The company’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the company earned $5.66 earnings per share. On average, research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.745 dividend. The ex-dividend date was Thursday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.85%. AON’s dividend payout ratio is currently 25.38%.

Analyst Ratings Changes

AON has been the subject of several research reports. Redburn Partners set a $445.00 target price on AON in a report on Tuesday, March 25th. The Goldman Sachs Group upgraded AON from a “neutral” rating to a “buy” rating and set a $408.00 target price for the company in a report on Tuesday, May 13th. Piper Sandler upgraded AON from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Keefe, Bruyette & Woods lowered their target price on AON from $414.00 to $409.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Finally, Evercore ISI lowered their target price on AON from $420.00 to $398.00 and set an “outperform” rating for the company in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $397.27.

AON Company 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.