Simplicity Wealth LLC Acquires 1,316 Shares of Aon plc (NYSE:AON)

Simplicity Wealth LLC grew its holdings in Aon plc (NYSE:AON) by 203.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,964 shares of the financial services provider’s stock after purchasing an additional 1,316 shares during the period. Simplicity Wealth LLC’s holdings in AON were worth $784,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AON. Millstone Evans Group LLC bought a new stake in AON in the 4th quarter worth about $32,000. Centricity Wealth Management LLC bought a new stake in AON in the 4th quarter worth about $39,000. Kestra Investment Management LLC bought a new stake in AON in the 4th quarter worth about $39,000. Nemes Rush Group LLC bought a new stake in AON in the 4th quarter worth about $55,000. Finally, Orion Capital Management LLC bought a new stake in AON in the 4th quarter worth about $63,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Down 0.6%

Shares of AON opened at $349.77 on Thursday. The business’s 50 day moving average is $362.04 and its 200 day moving average is $373.29. The company has a market capitalization of $75.53 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. Aon plc has a 12-month low of $285.35 and a 12-month high of $412.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

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). The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period last year, the business posted $5.66 EPS. Research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.745 dividend. This is an increase 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 yield of 0.85%. AON’s payout ratio is presently 25.38%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AON. Redburn Partners set a $445.00 price objective on AON in a report on Tuesday, March 25th. The Goldman Sachs Group upgraded AON from a “neutral” rating to a “buy” rating and set a $408.00 price objective for the company in a report on Tuesday, May 13th. JPMorgan Chase & Co. raised their target price on AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their target price on AON from $414.00 to $409.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Finally, Redburn Atlantic raised AON to a “hold” rating in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, AON presently has a consensus rating of “Hold” and an average target price 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.