Royal London Asset Management Ltd. Buys 2,162 Shares of Aon plc (NYSE:AON)

Royal London Asset Management Ltd. grew its stake in shares of Aon plc (NYSE:AON) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 82,718 shares of the financial services provider’s stock after purchasing an additional 2,162 shares during the period. Royal London Asset Management Ltd.’s holdings in AON were worth $29,709,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new stake in AON during the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. increased its holdings in AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 81 shares in the last quarter. Anchor Investment Management LLC increased its holdings in 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 in the last quarter. Centricity Wealth Management LLC bought a new position in shares of AON in the fourth quarter valued at approximately $39,000. Finally, Kestra Investment Management LLC bought a new position in shares of AON in the fourth quarter valued at approximately $39,000. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AON. JPMorgan Chase & Co. upped their target price on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Wells Fargo & Company upped their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods upped their target price on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and upped their target price for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, Piper Sandler upped their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $386.21.

AON Trading Down 0.8 %

NYSE:AON opened at $390.02 on Friday. The company has a market cap of $84.24 billion, a P/E ratio of 30.81, a P/E/G ratio of 2.12 and a beta of 0.92. The stock’s fifty day moving average price is $385.41 and its two-hundred day moving average price is $370.41. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. 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 posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (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 quarter in the prior year, the company earned $3.89 EPS. As a group, analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 annualized dividend and a dividend yield of 0.69%. AON’s dividend payout ratio is currently 21.33%.

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.