Aon plc (NYSE:AON) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its holdings in Aon plc (NYSE:AON - Free Report) by 46.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,386 shares of the financial services provider's stock after purchasing an additional 3,909 shares during the period. Tower Research Capital LLC TRC's holdings in AON were worth $4,449,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of AON. Value Partners Investments Inc. increased its position in shares of 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 in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of AON by 1.3% during the fourth 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 raised its position in shares of AON by 5.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider's stock valued at $242,000 after buying an additional 33 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in AON by 0.9% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider's stock worth $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% in the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock valued at $406,000 after acquiring an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Stock Down 7.8 %

AON traded down $28.60 on Friday, reaching $336.45. The company's stock had a trading volume of 5,317,648 shares, compared to its average volume of 1,254,854. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The business's 50 day moving average is $387.62 and its 200 day moving average is $375.76. The stock has a market cap of $72.67 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.83 billion. As a group, research 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 will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, May 1st. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.89%. AON's dividend payout ratio is 23.54%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Jefferies Financial Group raised their price target on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Redburn Atlantic upgraded AON to a "hold" rating in a report on Tuesday, March 25th. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company increased their target price on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, AON presently has an average rating of "Hold" and a consensus target price of $393.87.

AON 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.