Corient Private Wealth LLC Grows Stock Position in Aon plc $AON

Corient Private Wealth LLC boosted its holdings in Aon plc (NYSE:AON) by 5.1% during the fourth quarter, HoldingsChannel reports. The fund owned 76,111 shares of the financial services provider’s stock after buying an additional 3,667 shares during the period. Corient Private Wealth LLC’s holdings in AON were worth $26,986,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of AON by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 20,171,049 shares of the financial services provider’s stock valued at $7,117,960,000 after purchasing an additional 191,658 shares during the last quarter. Capital World Investors increased its position in shares of AON by 1.5% during the 4th quarter. Capital World Investors now owns 12,252,904 shares of the financial services provider’s stock worth $4,323,850,000 after purchasing an additional 176,207 shares during the last quarter. State Street Corp raised its holdings in AON by 1.2% in the 3rd quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock valued at $3,291,048,000 after buying an additional 105,154 shares during the period. Dodge & Cox raised its holdings in AON by 126.6% in the 4th quarter. Dodge & Cox now owns 7,852,456 shares of the financial services provider’s stock valued at $2,770,975,000 after buying an additional 4,387,773 shares during the period. Finally, Geode Capital Management LLC lifted its position in AON by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 5,141,363 shares of the financial services provider’s stock valued at $1,810,726,000 after buying an additional 28,066 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

Shares of AON opened at $314.58 on Tuesday. The company has a market cap of $67.19 billion, a P/E ratio of 17.27, a PEG ratio of 1.67 and a beta of 0.71. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $381.00. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36. The firm’s 50 day moving average price is $322.49 and its 200 day moving average price is $331.41.

AON (NYSE:AON) last issued 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 company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter last year, the company posted $5.67 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. On average, research analysts forecast that Aon plc will post 19.09 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a 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 $0.74. AON’s payout ratio is presently 18.00%.

Analysts Set New Price Targets

AON has been the subject of a number of recent analyst reports. Bank of America upgraded shares of AON from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $398.00 to $397.00 in a research report on Friday, February 27th. TD Cowen reaffirmed a “buy” rating on shares of AON in a research report on Monday, March 16th. Citigroup lifted their target price on shares of AON from $412.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. JPMorgan Chase & Co. cut their target price on AON from $406.00 to $396.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Finally, Mizuho lowered their price target on AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $394.94.

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.