Sivia Capital Partners LLC Acquires Shares of 2,729 Aon plc $AON

Sivia Capital Partners LLC acquired a new stake in Aon plc (NYSE:AON) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,729 shares of the financial services provider’s stock, valued at approximately $963,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Greenspring Advisors LLC lifted its position in AON by 167.4% in the fourth quarter. Greenspring Advisors LLC now owns 2,326 shares of the financial services provider’s stock valued at $821,000 after purchasing an additional 1,456 shares during the last quarter. Bowen Hanes & Co. Inc. bought a new stake in AON in the fourth quarter valued at approximately $365,000. BlackDiamond Wealth Management LLC lifted its position in AON by 4.1% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 1,018 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 40 shares during the last quarter. M.D. Sass LLC lifted its position in AON by 1.1% in the fourth quarter. M.D. Sass LLC now owns 108,531 shares of the financial services provider’s stock valued at $38,298,000 after purchasing an additional 1,233 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in AON by 7.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,409,274 shares of the financial services provider’s stock valued at $497,305,000 after purchasing an additional 97,580 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Mizuho decreased their target price on AON from $394.00 to $389.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. TD Cowen restated a “buy” rating on shares of AON in a report on Monday, March 16th. Piper Sandler upped their target price on AON from $355.00 to $360.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Citigroup upped their target price on AON from $412.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. decreased their target price on AON from $406.00 to $396.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, AON presently has an average rating of “Moderate Buy” and a consensus target price of $396.81.

AON Price Performance

Shares of AON stock opened at $321.70 on Friday. The stock has a market cap of $68.71 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.66 and a beta of 0.71. The business’s fifty day moving average is $321.34 and its 200 day moving average is $333.20. Aon plc has a twelve month low of $304.59 and a twelve month high of $381.00. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36.

AON (NYSE:AON) last issued its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping the consensus estimate of $6.37 by $0.11. The company had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.67 earnings per share. Research analysts expect that Aon plc will post 19.1 EPS for the current fiscal year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a yield of 1.0%. AON’s payout ratio is currently 16.36%.

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.