GM Advisory Group LLC Has $11.54 Million Stock Holdings in Aon plc $AON

GM Advisory Group LLC reduced its position in shares of Aon plc (NYSE:AON) by 14.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,752 shares of the financial services provider’s stock after selling 6,037 shares during the quarter. GM Advisory Group LLC’s holdings in AON were worth $11,540,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of AON from $406.00 to $396.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Keefe, Bruyette & Woods decreased their price objective on AON from $416.00 to $401.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Weiss Ratings restated a “hold (c)” rating on shares of AON in a report on Tuesday, April 21st. TD Cowen reiterated a “buy” rating on shares of AON in a report on Monday, March 16th. Finally, Wells Fargo & Company dropped their price objective on AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $394.94.

AON Price Performance

AON stock opened at $356.89 on Friday. Aon plc has a 52 week low of $304.59 and a 52 week high of $381.00. The company’s 50 day moving average price is $323.63 and its two-hundred day moving average price is $330.77. The stock has a market cap of $76.23 billion, a P/E ratio of 19.59, a P/E/G ratio of 1.88 and a beta of 0.71. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36.

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 analysts’ consensus estimates of $6.37 by $0.11. The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.AON’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $5.67 earnings per share. On average, equities analysts predict that Aon plc will post 19.09 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 issued a $0.82 dividend. This is an increase from AON’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Friday, May 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. AON’s payout ratio is presently 18.00%.

AON 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.