Focus Partners Wealth increased its holdings in Aon plc (NYSE:AON – Free Report) by 396.0% in the 4th quarter, HoldingsChannel reports. The fund owned 546,204 shares of the financial services provider’s stock after purchasing an additional 436,093 shares during the quarter. Focus Partners Wealth’s holdings in AON were worth $192,756,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Sound View Wealth Advisors Group LLC raised its position in AON by 1.5% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock valued at $683,000 after purchasing an additional 29 shares during the period. Kathmere Capital Management LLC raised its position in AON by 2.1% in the fourth quarter. Kathmere Capital Management LLC now owns 1,582 shares of the financial services provider’s stock valued at $558,000 after purchasing an additional 32 shares during the period. Westpac Banking Corp raised its position in AON by 5.6% in the third quarter. Westpac Banking Corp now owns 620 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 33 shares during the period. Capital Investment Advisors LLC raised its position in AON by 1.8% in the fourth quarter. Capital Investment Advisors LLC now owns 1,882 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 33 shares during the period. Finally, Salomon & Ludwin LLC raised its position in AON by 39.3% in the fourth quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 33 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of AON in a research report on Tuesday, April 21st. Citigroup upped their price objective on AON from $412.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Wells Fargo & Company cut their price objective on AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Morgan Stanley cut their price objective on AON from $380.00 to $370.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Finally, Keefe, Bruyette & Woods cut their price objective on AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $396.81.
AON Stock Performance
NYSE:AON opened at $335.51 on Friday. The firm has a market capitalization 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 business’s fifty day moving average price is $322.69 and its 200 day moving average price is $332.68. 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 plc has a 12 month low of $304.59 and a 12 month high of $381.00.
AON (NYSE:AON – Get Free Report) last posted its 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. The firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.AON’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.67 earnings per share. On average, sell-side analysts anticipate that Aon plc will post 19.1 earnings per share for the current fiscal year.
AON Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a dividend of $0.82 per share. 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. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. 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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