Voloridge Investment Management LLC Has $47.46 Million Position in Aon plc (NYSE:AON)

Voloridge Investment Management LLC decreased its position in Aon plc (NYSE:AON) by 50.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 132,152 shares of the financial services provider’s stock after selling 132,621 shares during the period. Voloridge Investment Management LLC’s holdings in AON were worth $47,464,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Value Partners Investments Inc. boosted its holdings in AON by 1.9% during the fourth quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider’s stock worth $533,000 after purchasing an additional 28 shares during the last quarter. V Square Quantitative Management LLC lifted its position in AON by 1.3% during the 4th quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after buying an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of AON by 5.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock worth $242,000 after buying an additional 33 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its position in shares of AON by 0.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock valued at $1,326,000 after acquiring an additional 33 shares during the last quarter. Finally, Moors & Cabot Inc. raised its holdings in AON by 3.0% during the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Evercore ISI decreased their price target on AON from $420.00 to $398.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Piper Sandler upgraded shares of AON from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Wells Fargo & Company increased their price target on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Redburn Partners set a $445.00 price objective on shares of AON in a research note on Tuesday, March 25th. Finally, Royal Bank of Canada raised their target price on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AON has an average rating of “Hold” and an average target price of $391.75.

AON Trading Down 0.8%

Shares of NYSE:AON opened at $362.16 on Wednesday. The stock has a market cap of $78.20 billion, a PE ratio of 28.61, a P/E/G ratio of 2.12 and a beta of 0.89. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 12-month low of $275.07 and a 12-month high of $412.97. The business has a 50 day moving average of $371.70 and a 200-day moving average of $375.08.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the previous year, the business earned $5.66 EPS. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. As a group, equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued 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 dividend yield of 0.82%. AON’s dividend payout ratio (DPR) is currently 25.38%.

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.