Legacy Advisors LLC Has $253,000 Position in Aon plc (NYSE:AON)

Legacy Advisors LLC increased its position in Aon plc (NYSE:AON) by 8.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 634 shares of the financial services provider’s stock after buying an additional 47 shares during the period. Legacy Advisors LLC’s holdings in AON were worth $253,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Millstone Evans Group LLC acquired a new stake in shares of AON in the fourth quarter worth $32,000. Garde Capital Inc. acquired a new stake in shares of AON in the first quarter worth $42,000. Nemes Rush Group LLC acquired a new stake in shares of AON in the fourth quarter worth $55,000. Orion Capital Management LLC acquired a new stake in shares of AON in the fourth quarter worth $63,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of AON in the fourth quarter worth $93,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Down 1.7%

Shares of AON stock opened at $354.71 on Thursday. The stock has a market cap of $76.60 billion, a P/E ratio of 30.21, a price-to-earnings-growth ratio of 2.16 and a beta of 0.86. Aon plc has a one year low of $285.35 and a one year high of $412.97. The stock has a fifty day moving average price of $358.64 and a 200 day moving average price of $371.01. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.73 and a quick ratio of 1.73.

AON (NYSE:AON) last released its quarterly earnings data 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). AON had a return on equity of 52.71% and a net margin of 15.58%. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same quarter in the prior year, the company earned $5.66 earnings per share. The business’s revenue was up 16.2% compared to the same quarter last year. Analysts predict that Aon plc will post 17.21 earnings per share for the current 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. This is a positive change from AON’s previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a yield of 0.84%. The ex-dividend date was Thursday, May 1st. AON’s dividend payout ratio is currently 25.38%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AON shares. Piper Sandler upgraded shares of AON from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. Barclays reduced their price objective on AON from $430.00 to $415.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Jefferies Financial Group increased their price objective on AON from $396.00 to $416.00 and gave the company a “hold” rating in a research report on Friday, April 11th. JPMorgan Chase & Co. increased their price objective on AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on AON from $414.00 to $409.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock 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.