713 Shares in Aon plc (NYSE:AON) Acquired by Balentine LLC

Balentine LLC acquired a new position in shares of Aon plc (NYSE:AON) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 713 shares of the financial services provider’s stock, valued at approximately $285,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC grew its holdings in shares of AON by 20.0% during the 4th quarter. Proficio Capital Partners LLC now owns 1,088 shares of the financial services provider’s stock worth $391,000 after purchasing an additional 181 shares during the period. Generali Asset Management SPA SGR acquired a new position in AON in the fourth quarter worth $754,000. Royal London Asset Management Ltd. boosted its position in AON by 2.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 82,718 shares of the financial services provider’s stock valued at $29,709,000 after purchasing an additional 2,162 shares during the last quarter. Teacher Retirement System of Texas increased its stake in AON by 306.3% during the 4th quarter. Teacher Retirement System of Texas now owns 72,850 shares of the financial services provider’s stock worth $26,165,000 after acquiring an additional 54,921 shares during the period. Finally, Whittier Trust Co. increased its stake in shares of AON by 0.8% in the 4th quarter. Whittier Trust Co. now owns 5,307 shares of the financial services provider’s stock valued at $1,906,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Up 0.5%

AON opened at $356.38 on Friday. The firm’s 50-day simple moving average is $358.06 and its 200-day simple moving average is $370.45. The firm has a market cap of $76.96 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 2.11 and a beta of 0.84. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.73 and a current ratio of 1.73. Aon plc has a twelve month low of $295.79 and a twelve month high of $412.97.

AON (NYSE:AON) last posted 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). The firm had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. AON had a return on equity of 52.71% and a net margin of 15.58%. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.66 EPS. Equities research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.745 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.84%. AON’s dividend payout ratio is presently 25.38%.

Analyst Upgrades and Downgrades

AON has been the topic of a number of recent research reports. Jefferies Financial Group raised their target price on AON from $396.00 to $416.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Piper Sandler raised AON from a “neutral” rating to an “overweight” rating and cut their target price for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Barclays reduced their price objective on shares of AON from $415.00 to $401.00 and set an “overweight” rating for the company in a research note on Monday, July 7th. The Goldman Sachs Group raised shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 target price on the stock in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, AON has a consensus rating of “Hold” and a consensus target price of $403.00.

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.