Lake Street Advisors Group LLC Buys 50 Shares of Aon plc (NYSE:AON)

Lake Street Advisors Group LLC lifted its stake in shares of Aon plc (NYSE:AON) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,110 shares of the financial services provider’s stock after purchasing an additional 50 shares during the quarter. Lake Street Advisors Group LLC’s holdings in AON were worth $758,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Diamond Hill Capital Management Inc. bought a new stake in shares of AON during the third quarter valued at about $336,375,000. Veritas Asset Management LLP increased its holdings in AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after acquiring an additional 883,761 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in AON by 334.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after purchasing an additional 808,990 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of AON by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after acquiring an additional 343,592 shares in the last quarter. Finally, Accredited Investors Inc. boosted its position in shares of AON by 5,694.5% during the 3rd quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock valued at $83,883,000 after acquiring an additional 238,258 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Trading Up 0.3 %

NYSE:AON opened at $398.74 on Thursday. The company has a market cap of $86.13 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. 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 company has a 50 day simple moving average of $370.87 and a two-hundred day simple moving average of $363.26. Aon plc has a 12 month low of $268.06 and a 12 month high of $400.22.

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

AON Announces Dividend

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

Analyst Upgrades and Downgrades

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