Amalgamated Bank Purchases 1,155 Shares of Aon plc (NYSE:AON)

Amalgamated Bank grew its position in shares of Aon plc (NYSE:AON) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,992 shares of the financial services provider’s stock after buying an additional 1,155 shares during the quarter. Amalgamated Bank’s holdings in AON were worth $15,441,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Endeavor Private Wealth Inc. bought a new stake in AON during the fourth quarter worth $29,000. Richardson Financial Services Inc. increased its position in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares during the last quarter. Anchor Investment Management LLC raised its stake in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares during the period. First Personal Financial Services purchased a new position in shares of AON in the 3rd quarter worth about $37,000. Finally, Centricity Wealth Management LLC bought a new position in AON during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Performance

AON stock opened at $397.99 on Wednesday. Aon plc has a 1-year low of $268.06 and a 1-year high of $398.10. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market capitalization of $85.97 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. The firm’s 50 day simple moving average is $369.95 and its 200 day simple moving average is $363.01.

AON (NYSE:AON) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period in the previous year, the company earned $3.89 EPS. As a group, analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. AON’s dividend payout ratio (DPR) is presently 21.33%.

Analysts Set New Price Targets

AON has been the subject of several research analyst reports. Piper Sandler raised their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Barclays raised their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods upped their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. BMO Capital Markets boosted their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company increased their target price on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $386.21.

About AON

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.