ORG Wealth Partners LLC Purchases Shares of 908 Aon plc (NYSE:AON)

ORG Wealth Partners LLC acquired a new position in Aon plc (NYSE:AON) during the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 908 shares of the financial services provider’s stock, valued at approximately $362,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AON. Principal Securities Inc. grew its position in AON by 503.1% in the fourth quarter. Principal Securities Inc. now owns 2,738 shares of the financial services provider’s stock worth $983,000 after buying an additional 2,284 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of AON in the 4th quarter worth $39,000. New York State Common Retirement Fund raised its position in shares of AON by 0.6% during the fourth quarter. New York State Common Retirement Fund now owns 281,501 shares of the financial services provider’s stock worth $101,104,000 after purchasing an additional 1,553 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of AON by 21.2% during the fourth quarter. Global Retirement Partners LLC now owns 2,266 shares of the financial services provider’s stock valued at $814,000 after purchasing an additional 397 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of AON by 8.9% in the 4th quarter. Handelsbanken Fonder AB now owns 59,338 shares of the financial services provider’s stock valued at $21,312,000 after purchasing an additional 4,860 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AON. Keefe, Bruyette & Woods cut their price objective on AON from $414.00 to $409.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Piper Sandler upgraded shares of AON from a “neutral” rating to an “overweight” rating and cut their price target for the company from $384.00 to $378.00 in a report on Monday, April 28th. Evercore ISI reduced their price target on shares of AON from $420.00 to $398.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. The Goldman Sachs Group upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 price objective on the stock in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. increased their target price on AON from $394.00 to $409.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $397.27.

AON Price Performance

Shares of NYSE:AON opened at $350.42 on Friday. The business has a fifty day simple moving average of $360.26 and a 200 day simple moving average of $371.66. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.26. Aon plc has a 1 year low of $285.35 and a 1 year high of $412.97. The firm has a market cap of $75.67 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 2.10 and a beta of 0.86.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (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 analyst estimates of $4.83 billion. During the same quarter in the prior year, the firm earned $5.66 earnings per share. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. As a group, sell-side analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal 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 issued a dividend of $0.745 per share. The ex-dividend date was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.85%. This is an increase from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio (DPR) is currently 25.38%.

AON Company Profile

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.