2,729 Shares in Aon plc $AON Purchased by Sivia Capital Partners LLC

Sivia Capital Partners LLC acquired a new position in Aon plc (NYSE:AON) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,729 shares of the financial services provider’s stock, valued at approximately $963,000.

Several other large investors also recently added to or reduced their stakes in AON. Greenspring Advisors LLC grew its holdings in AON by 167.4% during the 4th quarter. Greenspring Advisors LLC now owns 2,326 shares of the financial services provider’s stock valued at $821,000 after buying an additional 1,456 shares in the last quarter. Bowen Hanes & Co. Inc. purchased a new position in AON during the 4th quarter valued at about $365,000. BlackDiamond Wealth Management LLC grew its holdings in AON by 4.1% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 1,018 shares of the financial services provider’s stock valued at $359,000 after buying an additional 40 shares in the last quarter. M.D. Sass LLC grew its holdings in AON by 1.1% during the 4th quarter. M.D. Sass LLC now owns 108,531 shares of the financial services provider’s stock valued at $38,298,000 after buying an additional 1,233 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in AON by 7.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,409,274 shares of the financial services provider’s stock valued at $497,305,000 after buying an additional 97,580 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AON in a report on Tuesday, April 21st. Barclays reduced their target price on AON from $381.00 to $372.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. JPMorgan Chase & Co. reduced their target price on AON from $406.00 to $396.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Piper Sandler boosted their price objective on AON from $355.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Mizuho cut their price objective on AON from $394.00 to $389.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $396.81.

AON Stock Performance

NYSE:AON opened at $321.70 on Friday. The business has a 50 day moving average of $321.34 and a 200 day moving average of $333.20. The company has a market capitalization of $68.71 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.66 and a beta of 0.71. Aon plc has a 1-year low of $304.59 and a 1-year high of $381.00. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95.

AON (NYSE:AON) last released its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping 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 quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.67 EPS. On average, sell-side analysts predict that Aon plc will post 19.1 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.75. AON’s dividend payout ratio is presently 16.36%.

AON Company 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.