8,440 Shares in Aon plc (NYSE:AON) Acquired by Gabelli Funds LLC

Gabelli Funds LLC bought a new position in Aon plc (NYSE:AON) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,440 shares of the financial services provider’s stock, valued at approximately $3,031,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AON. Norges Bank purchased a new stake in AON in the fourth quarter worth about $596,665,000. Artisan Partners Limited Partnership lifted its position in shares of AON by 86.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider’s stock worth $742,582,000 after purchasing an additional 960,204 shares during the period. Geode Capital Management LLC boosted its stake in shares of AON by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock valued at $1,773,165,000 after purchasing an additional 627,742 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in AON by 43,000.8% during the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after buying an additional 390,017 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock worth $921,182,000 after buying an additional 343,592 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

AON has been the topic of a number of analyst reports. Redburn Atlantic upgraded AON to a “hold” rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. boosted their target price on shares of AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Barclays cut their price objective on shares of AON from $440.00 to $430.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Redburn Partners set a $445.00 target price on shares of AON in a research note on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods upped their price target on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $393.87.

AON Price Performance

Shares of NYSE AON opened at $367.08 on Friday. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The business’s 50 day moving average price is $389.85 and its 200 day moving average price is $375.16. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market cap of $79.29 billion, a P/E ratio of 29.00, a P/E/G ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping 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 company earned $3.89 EPS. On average, sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.745 dividend. This is an increase from AON’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.81%. AON’s dividend payout ratio is presently 23.54%.

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.