QRG Capital Management Inc. Has $1.99 Million Holdings in Aon plc $AON

QRG Capital Management Inc. lifted its holdings in shares of Aon plc (NYSE:AON) by 49.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,169 shares of the financial services provider’s stock after purchasing an additional 2,049 shares during the quarter. QRG Capital Management Inc.’s holdings in AON were worth $1,991,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Wealth Watch Advisors INC acquired a new position in AON in the 3rd quarter valued at $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of AON in the fourth quarter worth $27,000. Kemnay Advisory Services Inc. acquired a new position in AON in the fourth quarter valued at about $29,000. Eagle Bay Advisors LLC bought a new stake in AON during the fourth quarter worth about $30,000. Finally, Strive Asset Management LLC acquired a new stake in AON during the third quarter worth about $35,000. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on AON. Citigroup boosted their target price on shares of AON from $412.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Mizuho lowered their target price on AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Barclays increased their target price on shares of AON from $372.00 to $382.00 and gave the stock an “equal weight” rating in a report on Tuesday. Wells Fargo & Company decreased their price target on shares of AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, UBS Group dropped their price objective on shares of AON from $385.00 to $360.00 and set a “neutral” rating for the company in a research note on Tuesday, June 16th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, AON has a consensus rating of “Moderate Buy” and a consensus target price of $396.19.

AON Trading Up 2.4%

Shares of NYSE:AON traded up $8.56 during midday trading on Tuesday, hitting $365.48. 112,172 shares of the stock were exchanged, compared to its average volume of 1,512,446. The business’s 50-day moving average price is $323.63 and its 200 day moving average price is $330.61. Aon plc has a 12 month low of $304.59 and a 12 month high of $381.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market capitalization of $78.06 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.88 and a beta of 0.71.

AON (NYSE:AON) last issued its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The business had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same quarter last year, the business earned $5.67 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts predict that Aon plc will post 19.09 earnings per share for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from AON’s previous quarterly dividend of $0.74. The ex-dividend date was Friday, May 1st. AON’s dividend payout ratio (DPR) is presently 18.00%.

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.