Aon plc (NYSE:AON) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Aon plc (NYSE:AON) by 0.5% during the 4th quarter, Holdings Channel reports. The fund owned 19,519,752 shares of the financial services provider’s stock after acquiring an additional 88,361 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of AON worth $7,010,714,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in AON by 9.0% in the fourth quarter. LPL Financial LLC now owns 68,425 shares of the financial services provider’s stock valued at $24,576,000 after acquiring an additional 5,660 shares in the last quarter. Fortis Capital Management LLC raised its holdings in AON by 0.5% in the fourth quarter. Fortis Capital Management LLC now owns 13,620 shares of the financial services provider’s stock valued at $4,892,000 after acquiring an additional 73 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in AON in the fourth quarter valued at approximately $30,224,000. Sei Investments Co. raised its holdings in AON by 25.9% during the fourth quarter. Sei Investments Co. now owns 300,682 shares of the financial services provider’s stock worth $107,995,000 after purchasing an additional 61,869 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its holdings in AON by 45.5% during the fourth quarter. Mizuho Securities USA LLC now owns 20,497 shares of the financial services provider’s stock worth $7,362,000 after purchasing an additional 6,410 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AON shares. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Keefe, Bruyette & Woods raised their price objective on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Piper Sandler raised their price objective on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company raised their price objective on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada lifted their target price on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. One research 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. Based on data from MarketBeat, AON currently has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Stock Performance

NYSE:AON opened at $390.02 on Monday. The firm’s fifty day moving average price is $385.41 and its 200 day moving average price is $370.74. 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. The firm has a market cap of $84.24 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last posted 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 period last year, the business posted $3.89 EPS. On average, sell-side analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

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 of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON’s payout ratio is currently 21.33%.

AON Company Profile

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.