598 Shares in Aon plc (NYSE:AON) Purchased by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC purchased a new stake in shares of Aon plc (NYSE:AON) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 598 shares of the financial services provider’s stock, valued at approximately $239,000.

A number of other large investors have also added to or reduced their stakes in AON. Norges Bank purchased a new stake in shares of AON during the 4th quarter valued at about $596,665,000. Artisan Partners Limited Partnership increased its stake in AON by 86.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider’s stock worth $742,582,000 after acquiring an additional 960,204 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of AON by 56,460.0% in the 1st quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider’s stock valued at $304,052,000 after purchasing an additional 760,516 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of AON by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock worth $1,773,165,000 after purchasing an additional 627,742 shares during the period. Finally, First Trust Advisors LP increased its position in shares of AON by 5,877.4% during the 4th quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider’s stock valued at $192,572,000 after purchasing an additional 527,204 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the subject of several recent analyst reports. Redburn Atlantic raised shares of AON to a “hold” rating in a research note on Tuesday, March 25th. Evercore ISI dropped their price target on shares of AON from $420.00 to $398.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Jefferies Financial Group upped their price target on shares of AON from $396.00 to $416.00 and gave the company a “hold” rating in a report on Friday, April 11th. The Goldman Sachs Group raised shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 price objective for the company in a research note on Tuesday, May 13th. Finally, Piper Sandler raised AON from a “neutral” rating to an “overweight” rating and cut their target price for the company from $384.00 to $378.00 in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $397.27.

AON Trading Down 0.2%

AON opened at $353.88 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26. The stock’s fifty day moving average is $358.37 and its two-hundred day moving average is $370.91. The company has a market capitalization of $76.42 billion, a P/E ratio of 30.14, a PEG ratio of 2.12 and a beta of 0.86. Aon plc has a 52 week low of $288.50 and a 52 week high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a net margin of 15.58% and a return on equity of 52.71%. The firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.83 billion. During the same quarter in the prior year, the business posted $5.66 EPS. The business’s quarterly revenue was up 16.2% on a year-over-year basis. Analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, May 1st. This is a boost from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio is presently 25.38%.

About AON

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.