Aon plc (NYSE:AON) Shares Acquired by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC lifted its position in Aon plc (NYSE:AON) by 18.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,638 shares of the financial services provider’s stock after acquiring an additional 418 shares during the period. Joel Isaacson & Co. LLC’s holdings in AON were worth $1,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new stake in AON during the 4th quarter worth $32,000. Tsfg LLC acquired a new position in AON during the first quarter worth about $37,000. Garde Capital Inc. purchased a new stake in AON during the 1st quarter valued at about $42,000. Nemes Rush Group LLC acquired a new stake in AON in the 4th quarter valued at about $55,000. Finally, Orion Capital Management LLC acquired a new position in shares of AON during the 4th quarter worth approximately $63,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on AON shares. Barclays cut their target price on AON from $430.00 to $415.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Redburn Partners set a $445.00 price objective on shares of AON in a research report on Tuesday, March 25th. JPMorgan Chase & Co. boosted their target price on shares of AON from $394.00 to $409.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Piper Sandler upgraded shares of AON from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods decreased 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. One 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $397.27.

AON Price Performance

AON opened at $352.98 on Monday. The stock’s 50-day moving average price is $358.09 and its 200 day moving average price is $370.97. Aon plc has a 12-month low of $291.72 and a 12-month high of $412.97. The firm has a market cap of $76.22 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 2.11 and a beta of 0.86. 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 (NYSE:AON) last issued 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). The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. AON had a return on equity of 52.71% and a net margin of 15.58%. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the company posted $5.66 EPS. As a group, sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given 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 0.84%. This is a positive change from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio is currently 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.