Aon plc (NYSE:AON) Shares Acquired by Thomasville National Bank

Thomasville National Bank boosted its position in Aon plc (NYSE:AON) by 43.4% in the first quarter, Holdings Channel.com reports. The firm owned 1,752 shares of the financial services provider’s stock after acquiring an additional 530 shares during the quarter. Thomasville National Bank’s holdings in AON were worth $699,000 as of its most recent filing with the Securities & Exchange Commission.

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

AON Price Performance

Shares of AON stock opened at $352.67 on Friday. Aon plc has a 1-year low of $285.35 and a 1-year high of $412.97. The firm’s 50-day moving average price is $361.74 and its two-hundred day moving average price is $372.80. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $76.16 billion, a price-to-earnings 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 during the quarter, compared to the consensus estimate of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. The company’s revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the firm posted $5.66 earnings per share. On average, equities analysts predict 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. Stockholders 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. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Thursday, May 1st. AON’s payout ratio is presently 25.38%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AON shares. The Goldman Sachs Group upgraded AON from a “neutral” rating to a “buy” rating and set a $408.00 target price for the company in a report on Tuesday, May 13th. Piper Sandler upgraded AON from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Keefe, Bruyette & Woods cut their target price on shares of AON from $414.00 to $409.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Evercore ISI reduced their price objective on AON from $420.00 to $398.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. lifted their target price on AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, AON currently has a consensus rating of “Hold” and an average price target of $397.27.

About AON

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.