Blair William & Co. IL Has $175.14 Million Stock Position in Aon plc $AON

Blair William & Co. IL cut its stake in shares of Aon plc (NYSE:AON) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 496,307 shares of the financial services provider’s stock after selling 33,466 shares during the period. Blair William & Co. IL owned 0.23% of AON worth $175,137,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Wealth Watch Advisors INC acquired a new stake in shares of AON in the 3rd quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of AON in the fourth quarter valued at $27,000. Eagle Bay Advisors LLC acquired a new position in AON during the fourth quarter worth $30,000. Strive Asset Management LLC bought a new stake in AON during the third quarter worth $35,000. Finally, Cornerstone Financial Management LLC acquired a new stake in AON in the fourth quarter valued at $37,000. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of AON from $412.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Bank of America upgraded shares of AON from a “neutral” rating to an “outperform” rating and cut their target price for the company from $398.00 to $397.00 in a research note on Friday, February 27th. TD Cowen reissued a “buy” rating on shares of AON in a research report on Monday, March 16th. Keefe, Bruyette & Woods dropped their price objective on AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Finally, Piper Sandler cut their price objective on AON from $360.00 to $355.00 and set an “overweight” rating for the company in a research report on Monday. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $394.94.

AON Stock Performance

NYSE:AON opened at $331.60 on Wednesday. The stock has a 50 day simple moving average of $322.98 and a 200 day simple moving average of $332.29. The stock has a market cap of $70.82 billion, a P/E ratio of 18.20, a PEG ratio of 1.73 and a beta of 0.71. Aon plc has a 1-year low of $304.59 and a 1-year high of $381.00. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36.

AON (NYSE:AON) last issued its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping 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 analysts’ expectations of $4.97 billion. During the same quarter in the previous year, the company earned $5.67 EPS. The business’s revenue was up 6.4% on a year-over-year basis. Research analysts anticipate that Aon plc will post 19.1 earnings per share for the current year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. This is an increase from AON’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, May 1st. AON’s dividend payout ratio is presently 18.00%.

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.