Ironvine Capital Partners LLC raised its position in shares of Aon plc (NYSE:AON – Free Report) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,680 shares of the financial services provider’s stock after acquiring an additional 2,305 shares during the period. AON makes up about 3.8% of Ironvine Capital Partners LLC’s investment portfolio, making the stock its 12th largest position. Ironvine Capital Partners LLC owned 0.05% of AON worth $37,998,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. increased its position in AON by 1.5% during the fourth quarter. Victory Capital Management Inc. now owns 67,645 shares of the financial services provider’s stock valued at $23,871,000 after acquiring an additional 993 shares during the last quarter. Ieq Capital LLC increased its position in AON by 123.4% during the fourth quarter. Ieq Capital LLC now owns 27,347 shares of the financial services provider’s stock valued at $9,650,000 after acquiring an additional 15,108 shares during the last quarter. Lord Abbett & CO. LLC increased its position in AON by 9.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 272,046 shares of the financial services provider’s stock valued at $96,000,000 after acquiring an additional 22,878 shares during the last quarter. Wealthspire Advisors LLC increased its position in AON by 18.5% during the fourth quarter. Wealthspire Advisors LLC now owns 273,596 shares of the financial services provider’s stock valued at $96,547,000 after acquiring an additional 42,739 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in AON by 7.2% during the fourth quarter. Macquarie Group Ltd. now owns 28,298 shares of the financial services provider’s stock valued at $9,986,000 after acquiring an additional 1,889 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on AON. Bank of America upgraded shares of AON from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $398.00 to $397.00 in a report on Friday, February 27th. Barclays cut their price target 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. Weiss Ratings restated a “hold (c)” rating on shares of AON in a report on Tuesday, April 21st. TD Cowen restated a “buy” rating on shares of AON in a report on Monday, March 16th. Finally, Mizuho cut their price target 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. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, AON has an average rating of “Moderate Buy” and an average price target of $396.81.
AON Stock Up 0.1%
NYSE:AON opened at $335.51 on Friday. Aon plc has a 1-year low of $304.59 and a 1-year high of $381.00. The company has a 50-day moving average of $322.69 and a 200 day moving average of $332.68. The firm has a market cap of $71.66 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95.
AON (NYSE:AON – Get Free Report) last released its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, beating the consensus estimate of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The business had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same period in the prior year, the firm posted $5.67 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts anticipate that Aon plc will post 19.1 EPS for the current fiscal year.
AON Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.75. AON’s dividend payout ratio is 16.36%.
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.
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