Radnor Capital Management LLC Buys 4,218 Shares of Aon plc (NYSE:AON)

Radnor Capital Management LLC boosted its position in Aon plc (NYSE:AON - Free Report) by 203.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,290 shares of the financial services provider's stock after purchasing an additional 4,218 shares during the period. Radnor Capital Management LLC's holdings in AON were worth $2,099,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Cubic Asset Management LLC purchased a new position in AON in the 4th quarter valued at approximately $1,050,000. Charles Schwab Investment Management Inc. increased its position in AON by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,058,309 shares of the financial services provider's stock worth $307,989,000 after purchasing an additional 5,727 shares in the last quarter. Gryphon Financial Partners LLC lifted its position in AON by 262.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider's stock worth $1,181,000 after buying an additional 2,989 shares during the period. Cerity Partners LLC grew its holdings in AON by 177.4% in the fourth quarter. Cerity Partners LLC now owns 18,461 shares of the financial services provider's stock valued at $5,372,000 after purchasing an additional 11,806 shares during the period. Finally, California State Teachers Retirement System increased its position in AON by 1.5% during the fourth quarter. California State Teachers Retirement System now owns 331,760 shares of the financial services provider's stock worth $96,549,000 after purchasing an additional 4,843 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Lester B. Knight bought 10,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $276.61 per share, with a total value of $2,766,100.00. Following the completion of the acquisition, the director now owns 139,000 shares of the company's stock, valued at $38,448,790. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AON has been the subject of a number of research analyst reports. Bank of America downgraded AON from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $345.00 to $306.00 in a report on Wednesday, May 22nd. Morgan Stanley lifted their price objective on AON from $325.00 to $327.00 and gave the company an "equal weight" rating in a research note on Monday, April 15th. Wells Fargo & Company dropped their target price on shares of AON from $300.00 to $289.00 and set an "underweight" rating for the company in a research report on Monday, April 29th. JPMorgan Chase & Co. lifted their price target on shares of AON from $318.00 to $353.00 and gave the company an "overweight" rating in a research report on Monday, April 8th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $315.00 price objective on shares of AON in a research report on Tuesday, June 18th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $321.86.

AON Trading Up 0.3 %

NYSE AON traded up $0.87 during mid-day trading on Friday, reaching $297.46. 5,510,706 shares of the company's stock traded hands, compared to its average volume of 1,441,442. The company has a fifty day simple moving average of $290.97 and a 200-day simple moving average of $303.60. Aon plc has a 1-year low of $268.06 and a 1-year high of $347.37. The company has a market cap of $64.68 billion, a price-to-earnings ratio of 23.31, a P/E/G ratio of 1.96 and a beta of 0.91.

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

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.91%. This is a boost 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%.

AON Company Profile

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.