Fifth Third Bancorp Buys 206 Shares of Aon plc (NYSE:AON)

Fifth Third Bancorp grew its position in shares of Aon plc (NYSE:AON) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,818 shares of the financial services provider’s stock after acquiring an additional 206 shares during the period. Fifth Third Bancorp’s holdings in AON were worth $9,905,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingsview Wealth Management LLC purchased a new stake in AON in the fourth quarter worth $232,000. Empowered Funds LLC grew its position in shares of AON by 28.9% in the 4th quarter. Empowered Funds LLC now owns 4,969 shares of the financial services provider’s stock worth $1,785,000 after buying an additional 1,114 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of AON by 26.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 1,312 shares of the financial services provider’s stock worth $471,000 after acquiring an additional 275 shares in the last quarter. Van ECK Associates Corp purchased a new position in AON during the 4th quarter valued at about $12,794,000. Finally, Avestar Capital LLC boosted its stake in AON by 16.7% during the fourth quarter. Avestar Capital LLC now owns 979 shares of the financial services provider’s stock worth $352,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

AON has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of AON from $414.00 to $409.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Evercore ISI lowered their price objective on AON from $420.00 to $398.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. boosted their target price on AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Redburn Atlantic upgraded AON to a “hold” rating in a report on Tuesday, March 25th. Finally, The Goldman Sachs Group upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 price target on the stock in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $397.27.

AON Stock Performance

Shares of AON stock opened at $352.67 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a 50 day moving average price of $361.74 and a 200-day moving average price of $372.80. Aon plc has a 52 week low of $285.35 and a 52 week high of $412.97. The firm has a market capitalization of $76.16 billion, a PE ratio of 27.86, a P/E/G ratio of 2.12 and a beta of 0.86.

AON (NYSE:AON) last announced its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts’ consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. AON’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.66 earnings per share. As a group, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a $0.745 dividend. This is an increase from AON’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. AON’s dividend payout ratio is currently 25.38%.

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.