NBC Securities Inc. Takes Position in Aon plc (NYSE:AON)

NBC Securities Inc. acquired a new stake in Aon plc (NYSE:AON) in the 1st quarter, Holdings Channel.com reports. The fund acquired 1,737 shares of the financial services provider’s stock, valued at approximately $693,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AON. Baker Tilly Wealth Management LLC acquired a new stake in AON during the 1st quarter valued at approximately $214,000. Czech National Bank increased its position in AON by 5.9% during the 1st quarter. Czech National Bank now owns 49,672 shares of the financial services provider’s stock valued at $19,824,000 after purchasing an additional 2,781 shares during the period. Rhumbline Advisers increased its position in AON by 2.3% during the 1st quarter. Rhumbline Advisers now owns 377,368 shares of the financial services provider’s stock valued at $150,604,000 after purchasing an additional 8,578 shares during the period. Fifth Third Wealth Advisors LLC increased its position in AON by 3.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,981 shares of the financial services provider’s stock valued at $791,000 after purchasing an additional 67 shares during the period. Finally, Beese Fulmer Investment Management Inc. increased its position in AON by 2.3% during the 1st quarter. Beese Fulmer Investment Management Inc. now owns 26,259 shares of the financial services provider’s stock valued at $10,480,000 after purchasing an additional 596 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

Shares of AON opened at $373.04 on Thursday. Aon plc has a 12-month low of $282.98 and a 12-month high of $412.97. The business’s fifty day moving average is $365.38 and its 200 day moving average is $374.07. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock has a market cap of $80.55 billion, a P/E ratio of 29.47, a P/E/G ratio of 2.12 and a beta of 0.89.

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 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 the consensus estimate of $4.83 billion. During the same quarter in the prior year, the business earned $5.66 earnings per share. AON’s revenue for the quarter was up 16.2% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, May 1st. This is a boost from AON’s previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a yield of 0.80%. AON’s dividend payout ratio (DPR) is 25.38%.

Analyst Upgrades and Downgrades

AON has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Redburn Partners set a $445.00 price target on AON in a report on Tuesday, March 25th. Barclays cut their price target 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 on the stock in a report on Tuesday, May 13th. Finally, Jefferies Financial Group increased their price target on AON from $396.00 to $416.00 and gave the stock a “hold” rating in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $397.27.

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.