Jones Financial Companies Lllp Boosts Stock Holdings in Aon plc (NYSE:AON)

Jones Financial Companies Lllp boosted its stake in shares of Aon plc (NYSE:AON) by 24.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,808 shares of the financial services provider’s stock after buying an additional 744 shares during the period. Jones Financial Companies Lllp’s holdings in AON were worth $1,368,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Modera Wealth Management LLC grew its stake in AON by 4.3% during the fourth quarter. Modera Wealth Management LLC now owns 12,305 shares of the financial services provider’s stock valued at $4,419,000 after acquiring an additional 509 shares in the last quarter. Clifford Swan Investment Counsel LLC grew its stake in shares of AON by 19.0% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 13,596 shares of the financial services provider’s stock worth $4,883,000 after buying an additional 2,170 shares in the last quarter. Norden Group LLC grew its stake in shares of AON by 12.1% in the 4th quarter. Norden Group LLC now owns 656 shares of the financial services provider’s stock worth $236,000 after buying an additional 71 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of AON by 48.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,433 shares of the financial services provider’s stock worth $513,000 after buying an additional 468 shares in the last quarter. Finally, Cantillon Capital Management LLC grew its stake in shares of AON by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 1,323,228 shares of the financial services provider’s stock worth $475,251,000 after buying an additional 7,010 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Trading Up 0.3 %

Shares of AON opened at $402.94 on Friday. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97. The company has a 50-day moving average of $377.28 and a 200 day moving average of $366.64. The firm has a market capitalization of $87.03 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business posted $3.89 earnings per share. On average, research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.67%. AON’s dividend payout ratio is currently 21.33%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AON. Wells Fargo & Company lifted their price objective on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price objective on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Barclays lifted 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. Finally, Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, AON currently has an average rating of “Hold” and an average 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.