NorthCrest Asset Manangement LLC Increases Stock Holdings in Aon plc (NYSE:AON)

NorthCrest Asset Manangement LLC grew its stake in Aon plc (NYSE:AON) by 5.9% in the 1st quarter, Holdings Channel reports. The firm owned 4,899 shares of the financial services provider’s stock after purchasing an additional 275 shares during the period. NorthCrest Asset Manangement LLC’s holdings in AON were worth $1,955,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AON. Norges Bank purchased a new position in shares of AON in the 4th quarter valued at approximately $596,665,000. Artisan Partners Limited Partnership boosted its holdings in shares of AON by 86.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider’s stock valued at $742,582,000 after buying an additional 960,204 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of AON by 56,460.0% in the 1st quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider’s stock worth $304,052,000 after acquiring an additional 760,516 shares in the last quarter. Geode Capital Management LLC boosted its stake in AON by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock worth $1,773,165,000 after acquiring an additional 627,742 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of AON by 5,877.4% during the fourth quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider’s stock valued at $192,572,000 after purchasing an additional 527,204 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AON. Piper Sandler raised AON from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $384.00 to $378.00 in a research report on Monday, April 28th. Keefe, Bruyette & Woods cut their target price on AON from $414.00 to $409.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Redburn Partners set a $445.00 price target on AON in a research report on Tuesday, March 25th. The Goldman Sachs Group upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 price objective for the company in a research note on Tuesday, May 13th. Finally, Jefferies Financial Group upped their target price on shares of AON from $396.00 to $416.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $397.27.

AON Stock Down 0.9%

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. Aon plc has a twelve month low of $285.35 and a twelve month high of $412.97. The company has a market cap of $76.16 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. The company’s 50 day moving average is $361.74 and its 200 day moving average is $372.80.

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

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Thursday, May 1st. This is a boost from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio is 25.38%.

AON 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.