TLP Group LLC increased its position in shares of Aon PLC (NYSE:AON) by 238.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,267 shares of the financial services provider’s stock after buying an additional 2,303 shares during the quarter. TLP Group LLC’s holdings in AON were worth $458,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. grew its stake in shares of AON by 105.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,170 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 600 shares during the last quarter. Bray Capital Advisors purchased a new position in shares of AON in the 1st quarter valued at approximately $176,000. First Mercantile Trust Co. purchased a new position in shares of AON in the 1st quarter valued at approximately $226,000. Timber Hill LLC purchased a new position in shares of AON in the 1st quarter valued at approximately $234,000. Finally, Captrust Financial Advisors purchased a new position in shares of AON in the 4th quarter valued at approximately $240,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

In other news, insider Michael Neller sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $140.93, for a total value of $140,930.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.42% of the company’s stock.

AON has been the subject of several recent analyst reports. Wells Fargo & Co set a $143.00 price target on AON and gave the company a “hold” rating in a report on Wednesday, March 7th. Citigroup raised their price target on AON from $165.00 to $166.00 and gave the company a “buy” rating in a report on Tuesday, March 27th. Goldman Sachs Group raised AON from a “neutral” rating to a “buy” rating and raised their price target for the company from $144.22 to $149.00 in a report on Thursday, March 15th. Barclays reissued an “equal weight” rating and issued a $138.00 price target (up from $135.00) on shares of AON in a report on Tuesday, February 20th. Finally, Zacks Investment Research raised AON from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $147.09.

AON traded up $0.24, hitting $141.51, during midday trading on Thursday, Marketbeat reports. 4,346 shares of the stock were exchanged, compared to its average volume of 1,095,724. The stock has a market cap of $34.88 billion, a PE ratio of 21.67, a P/E/G ratio of 1.52 and a beta of 1.02. Aon PLC has a fifty-two week low of $130.87 and a fifty-two week high of $152.78. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.93 and a current ratio of 1.93.

AON (NYSE:AON) last released its quarterly earnings results on Friday, May 4th. The financial services provider reported $2.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.81 by $0.15. AON had a return on equity of 39.65% and a net margin of 14.28%. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. equities research analysts predict that Aon PLC will post 8.06 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. This is a boost from AON’s previous quarterly dividend of $0.36. The ex-dividend date was Monday, April 30th. AON’s payout ratio is 24.54%.

AON Profile

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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