Los Angeles Capital Management LLC Has $6.21 Million Stock Holdings in Aon plc (NYSE:AON)

Los Angeles Capital Management LLC grew its holdings in shares of Aon plc (NYSE:AON - Free Report) by 26.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,615 shares of the financial services provider's stock after purchasing an additional 3,901 shares during the quarter. Los Angeles Capital Management LLC's holdings in AON were worth $6,212,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. BKM Wealth Management LLC acquired a new position in AON in the fourth quarter valued at $25,000. Frazier Financial Advisors LLC purchased a new stake in shares of AON during the fourth quarter worth about $31,000. Bruce G. Allen Investments LLC purchased a new stake in shares of AON during the fourth quarter worth about $40,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of AON during the fourth quarter worth about $43,000. Finally, First United Bank & Trust purchased a new stake in shares of AON during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

AON has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on AON from $300.00 to $289.00 and set an "underweight" rating for the company in a report on Monday, April 29th. JPMorgan Chase & Co. boosted their price objective on AON from $318.00 to $353.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Bank of America lowered AON from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $345.00 to $306.00 in a report on Wednesday, May 22nd. Royal Bank of Canada restated a "sector perform" rating and issued a $315.00 target price on shares of AON in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $311.00 target price on shares of AON in a research note on Tuesday, May 28th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $321.86.

Insiders Place Their Bets

In other news, Director Lester B. Knight bought 10,000 shares of the business's stock in a transaction on Friday, May 3rd. The stock was purchased at an average cost of $276.61 per share, for a total transaction of $2,766,100.00. Following the completion of the transaction, the director now directly owns 139,000 shares of the company's stock, valued at approximately $38,448,790. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.15% of the stock is currently owned by insiders.

AON Price Performance

Shares of NYSE AON traded up $0.95 during midday trading on Friday, hitting $297.54. 5,510,700 shares of the company's stock were exchanged, compared to its average volume of 1,293,908. The stock's 50 day moving average price is $290.97 and its 200-day moving average price is $303.84. The firm has a market cap of $64.69 billion, a P/E ratio of 23.32, a PEG ratio of 1.97 and a beta of 0.91. Aon plc has a twelve month low of $268.06 and a twelve month high of $347.37.

AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing analysts' consensus estimates of $5.86 by ($0.20). The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.14 billion. AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $5.17 earnings per share. On average, analysts expect that Aon plc will post 15.48 EPS for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.91%. This is an increase from AON's previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Tuesday, April 30th. AON's dividend payout ratio is 21.16%.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.