GSA Capital Partners LLP Purchases 5,115 Shares of Aon plc $AON

GSA Capital Partners LLP boosted its position in shares of Aon plc (NYSE:AON) by 176.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,007 shares of the financial services provider’s stock after purchasing an additional 5,115 shares during the period. AON comprises 0.2% of GSA Capital Partners LLP’s holdings, making the stock its 29th biggest holding. GSA Capital Partners LLP’s holdings in AON were worth $2,826,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Murphy Middleton Hinkle & Parker Inc. bought a new position in AON during the 4th quarter valued at about $4,305,000. Callan Family Office LLC boosted its position in AON by 220.7% in the 3rd quarter. Callan Family Office LLC now owns 11,675 shares of the financial services provider’s stock valued at $4,163,000 after buying an additional 8,034 shares during the period. Caprock Group LLC purchased a new stake in AON in the 3rd quarter valued at about $1,752,000. Veritas Asset Management LLP boosted its position in AON by 19.3% in the 3rd quarter. Veritas Asset Management LLP now owns 2,053,673 shares of the financial services provider’s stock valued at $732,299,000 after buying an additional 332,685 shares during the period. Finally, Savant Capital LLC boosted its position in AON by 64.9% in the 3rd quarter. Savant Capital LLC now owns 19,092 shares of the financial services provider’s stock valued at $6,808,000 after buying an additional 7,512 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AON shares. Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $398.00 to $397.00 in a research report on Friday, February 27th. Jefferies Financial Group reissued a “buy” rating and issued a $408.00 price objective on shares of AON in a research report on Monday, February 2nd. Mizuho lowered their price objective on shares of AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. TD Cowen reissued a “buy” rating on shares of AON in a research report on Monday, March 16th. Finally, Cantor Fitzgerald boosted their price objective on shares of AON from $393.00 to $412.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $397.88.

AON Trading Up 2.9%

NYSE AON opened at $326.48 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36. The firm has a market cap of $69.73 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.68 and a beta of 0.72. The company has a 50 day moving average price of $322.19 and a 200 day moving average price of $335.20. Aon plc has a 52 week low of $304.59 and a 52 week high of $381.00.

AON (NYSE:AON) last posted its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, topping the consensus estimate of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The firm had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same quarter in the previous year, the business posted $5.67 EPS. AON’s revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts forecast that Aon plc will post 19.07 EPS for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a $0.82 dividend. This is an increase from AON’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 1st. AON’s dividend payout ratio is 16.36%.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.