GHP Investment Advisors Inc. Boosts Holdings in Aon plc (NYSE:AON)

GHP Investment Advisors Inc. boosted its stake in Aon plc (NYSE:AON) by 1.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,315 shares of the financial services provider’s stock after acquiring an additional 321 shares during the period. GHP Investment Advisors Inc.’s holdings in AON were worth $10,502,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its position in shares of AON by 15.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 2,786 shares of the financial services provider’s stock valued at $1,112,000 after purchasing an additional 370 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of AON by 304.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 50,625 shares of the financial services provider’s stock valued at $20,204,000 after acquiring an additional 38,098 shares during the period. Flagship Harbor Advisors LLC purchased a new position in shares of AON during the first quarter worth approximately $239,000. Live Oak Private Wealth LLC increased its holdings in shares of AON by 0.7% in the 1st quarter. Live Oak Private Wealth LLC now owns 21,276 shares of the financial services provider’s stock valued at $8,491,000 after acquiring an additional 140 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in AON in the 1st quarter valued at $2,279,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 1.5%

Shares of AON stock opened at $360.17 on Tuesday. The business’s fifty day moving average price is $359.37 and its 200 day moving average price is $371.20. The firm has a market capitalization of $77.77 billion, a PE ratio of 30.68, a P/E/G ratio of 2.12 and a beta of 0.86. 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 plc has a 1-year low of $285.35 and a 1-year high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts’ consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. AON had a return on equity of 52.71% and a net margin of 15.58%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period last year, the company earned $5.66 earnings per share. As a group, sell-side analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a $0.745 dividend. 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 dividend on an annualized basis and a yield of 0.83%. AON’s dividend payout ratio (DPR) is 25.38%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AON. Keefe, Bruyette & Woods lowered their price objective on shares of AON from $414.00 to $409.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Evercore ISI lowered their price target on AON from $420.00 to $398.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Barclays dropped their price target on AON from $430.00 to $415.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Redburn Partners set a $445.00 price objective on AON in a research report on Tuesday, March 25th. Finally, Piper Sandler raised AON from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $384.00 to $378.00 in a report on Monday, April 28th. One equities 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.