Nomura Asset Management Co. Ltd. Buys 3,852 Shares of Aon plc (NYSE:AON)

Nomura Asset Management Co. Ltd. raised its stake in Aon plc (NYSE:AON) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 169,593 shares of the financial services provider’s stock after acquiring an additional 3,852 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in AON were worth $60,911,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AON. V Square Quantitative Management LLC increased its position in shares of AON by 1.3% during the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock valued at $840,000 after acquiring an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of AON by 5.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 33 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of AON by 0.9% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock valued at $1,326,000 after purchasing an additional 33 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of AON by 3.0% during the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock valued at $406,000 after buying an additional 33 shares during the last quarter. Finally, Sandy Cove Advisors LLC increased its holdings in AON by 3.5% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,004 shares of the financial services provider’s stock worth $361,000 after buying an additional 34 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AON shares. Royal Bank of Canada lifted their price target 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. Wells Fargo & Company boosted their target price on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods raised their price target on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Piper Sandler upped 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, Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $386.21.

AON Price Performance

NYSE AON opened at $394.22 on Friday. The stock has a market cap of $85.15 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 2.12 and a beta of 0.92. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. The company’s 50 day moving average is $388.72 and its two-hundred day moving average is $372.06. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last issued its 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 prior year, the company posted $3.89 earnings per share. As a group, research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors 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 dividend on an annualized basis and a yield of 0.68%. AON’s dividend payout ratio is presently 21.33%.

AON 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.