TLP Group LLC raised its stake in Aon PLC (NYSE:AON) by 238.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,267 shares of the financial services provider’s stock after buying an additional 2,303 shares during the quarter. TLP Group LLC’s holdings in AON were worth $458,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of AON by 105.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,170 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 600 shares during the period. Pinebridge Investments L.P. grew its holdings in shares of AON by 6,643.5% during the 4th quarter. Pinebridge Investments L.P. now owns 9,913 shares of the financial services provider’s stock worth $1,328,000 after purchasing an additional 9,766 shares during the period. Kings Point Capital Management grew its holdings in shares of AON by 4.6% during the 4th quarter. Kings Point Capital Management now owns 35,535 shares of the financial services provider’s stock worth $4,762,000 after purchasing an additional 1,577 shares during the period. Captrust Financial Advisors purchased a new position in shares of AON during the 4th quarter worth $240,000. Finally, Lake Street Advisors Group LLC purchased a new position in shares of AON during the 4th quarter worth $343,000. Institutional investors own 84.76% of the company’s stock.
AON stock traded up $0.24 during mid-day trading on Thursday, reaching $141.51. The company had a trading volume of 4,346 shares, compared to its average volume of 1,095,724. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.93 and a quick ratio of 1.93. The firm has a market capitalization of $34.88 billion, a P/E ratio of 21.67, a P/E/G ratio of 1.52 and a beta of 1.02. Aon PLC has a fifty-two week low of $130.87 and a fifty-two week high of $152.78.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st were given a $0.40 dividend. The ex-dividend date was Monday, April 30th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. This is a positive change from AON’s previous quarterly dividend of $0.36. AON’s dividend payout ratio (DPR) is currently 24.54%.
A number of equities analysts have recently weighed in on AON shares. TheStreet upgraded AON from a “c” rating to an “a-” rating in a report on Friday, May 4th. Citigroup increased their price target on AON from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, May 8th. Zacks Investment Research upgraded AON from a “hold” rating to a “buy” rating and set a $158.00 price target for the company in a report on Tuesday, June 5th. Goldman Sachs Group raised AON from a “neutral” rating to a “buy” rating and increased their target price for the stock from $144.22 to $149.00 in a research note on Thursday, March 15th. Finally, Barclays reissued an “equal weight” rating and set a $138.00 target price (up previously from $135.00) on shares of AON in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $147.09.
In other AON news, insider Michael Neller sold 1,000 shares of the stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $140.93, for a total value of $140,930.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.42% of the stock is owned by company insiders.
Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.
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