Flagship Harbor Advisors LLC Takes $239,000 Position in Aon plc (NYSE:AON)

Flagship Harbor Advisors LLC acquired a new position in Aon plc (NYSE:AON) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 598 shares of the financial services provider’s stock, valued at approximately $239,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Portside Wealth Group LLC lifted its holdings in shares of AON by 530.6% during the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider’s stock valued at $4,412,000 after purchasing an additional 9,302 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in AON by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock valued at $444,563,000 after acquiring an additional 31,021 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of AON by 27.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider’s stock valued at $34,676,000 after acquiring an additional 20,942 shares during the last quarter. Aviva PLC grew its stake in shares of AON by 19.0% in the fourth quarter. Aviva PLC now owns 255,760 shares of the financial services provider’s stock worth $91,859,000 after acquiring an additional 40,850 shares during the period. Finally, Proficio Capital Partners LLC lifted its position in AON by 43,000.8% during the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after purchasing an additional 390,017 shares during the period. 86.14% of the stock is owned by institutional investors.

AON Trading Down 0.2%

Shares of AON stock opened at $353.88 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.73 and a current ratio of 1.73. The company has a fifty day moving average of $358.37 and a 200 day moving average of $370.91. The company has a market capitalization of $76.42 billion, a P/E ratio of 30.14, a P/E/G ratio of 2.12 and a beta of 0.86. Aon plc has a fifty-two week low of $288.50 and a fifty-two week high of $412.97.

AON (NYSE:AON) last issued its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a net margin of 15.58% and a return on equity of 52.71%. The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same period last year, the business posted $5.66 EPS. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.745 per share. This is a positive change 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 dividend yield of 0.84%. AON’s dividend payout ratio is currently 25.38%.

Wall Street Analyst Weigh In

A number of research firms have commented on AON. Keefe, Bruyette & Woods cut their target price on shares of AON from $414.00 to $409.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Barclays lowered their target price on AON from $430.00 to $415.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group upgraded AON from a “neutral” rating to a “buy” rating and set a $408.00 price target for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. increased their price objective on shares of AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group boosted their target price on shares of AON from $396.00 to $416.00 and gave the company a “hold” rating in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $397.27.

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.