Burleson & Company LLC bought a new position in shares of Aon plc (NYSE:AON) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 330 shares of the financial services provider’s stock, valued at approximately $76,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Evolution Wealth Advisors LLC grew its position in shares of AON by 318.2% in the first quarter. Evolution Wealth Advisors LLC now owns 138 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 105 shares during the last quarter. Allred Capital Management LLC acquired a new position in AON in the 1st quarter valued at $32,000. SOA Wealth Advisors LLC. bought a new position in AON during the 4th quarter worth $36,000. Curi Capital acquired a new stake in shares of AON during the fourth quarter worth $38,000. Finally, Capital Asset Advisory Services LLC acquired a new position in shares of AON in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 98.11% of the company’s stock.
A number of research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of AON from $254.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on AON from $205.00 to $245.00 and gave the company a “hold” rating in a report on Monday, May 3rd. Atlantic Securities raised AON from a “neutral” rating to an “overweight” rating and set a $265.00 price target for the company in a research note on Thursday, February 11th. JPMorgan Chase & Co. increased their price objective on shares of AON from $241.00 to $249.00 and gave the stock an “overweight” rating in a research note on Monday, May 3rd. Finally, Wells Fargo & Company upped their price target on shares of AON from $275.00 to $287.00 and gave the stock an “overweight” rating in a report on Monday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. AON currently has a consensus rating of “Hold” and an average target price of $239.40.
AON (NYSE:AON) last posted its earnings results on Thursday, April 29th. The financial services provider reported $4.28 EPS for the quarter, topping the consensus estimate of $4.05 by $0.23. AON had a net margin of 18.55% and a return on equity of 62.86%. The business had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the company earned $3.68 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts forecast that Aon plc will post 11.12 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 14th. Investors of record on Monday, May 3rd were given a dividend of $0.51 per share. This is a positive change from AON’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, April 30th. AON’s dividend payout ratio (DPR) is currently 20.80%.
Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance solutions provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
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