Tyche Wealth Partners LLC Acquires New Holdings in Aon plc (NYSE:AON)

Tyche Wealth Partners LLC bought a new position in Aon plc (NYSE:AON) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 555 shares of the financial services provider’s stock, valued at approximately $222,000.

Several other large investors have also recently bought and sold shares of AON. Portside Wealth Group LLC raised its position in shares of AON by 530.6% in the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider’s stock worth $4,412,000 after buying an additional 9,302 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in AON by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock worth $444,563,000 after acquiring an additional 31,021 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of AON by 27.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider’s stock valued at $34,676,000 after acquiring an additional 20,942 shares in the last quarter. Aviva PLC boosted its position in shares of AON by 19.0% during the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider’s stock valued at $91,859,000 after acquiring an additional 40,850 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its position in shares of AON by 43,000.8% in the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock worth $140,404,000 after purchasing an additional 390,017 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on AON shares. JPMorgan Chase & Co. lifted their target price on shares of AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Jefferies Financial Group lifted their price objective on shares of AON from $396.00 to $416.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Evercore ISI reduced their target price on AON from $420.00 to $398.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. The Goldman Sachs Group upgraded AON from a “neutral” rating to a “buy” rating and set a $408.00 price target on the stock in a research report on Tuesday, May 13th. Finally, Piper Sandler upgraded AON from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $384.00 to $378.00 in a report 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.com, the stock currently has a consensus rating of “Hold” and an average price target of $397.27.

AON Trading Down 1.7%

NYSE AON opened at $354.71 on Thursday. The stock has a 50-day moving average of $358.64 and a 200-day moving average of $371.01. 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 $76.60 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 2.16 and a beta of 0.86.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share 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 company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the previous year, the firm posted $5.66 EPS. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Thursday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio (DPR) is 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.