Allstate Corp Takes Position in Aon plc (NYSE:AON)

Allstate Corp bought a new position in shares of Aon plc (NYSE:AON) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 5,928 shares of the financial services provider’s stock, valued at approximately $2,129,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AON. Charles Schwab Investment Management Inc. lifted its stake in shares of AON by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock worth $444,563,000 after acquiring an additional 31,021 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AON by 27.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider’s stock worth $34,676,000 after purchasing an additional 20,942 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of AON by 5.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock valued at $9,530,000 after purchasing an additional 1,451 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of 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 worth $140,404,000 after buying an additional 390,017 shares during the period. Finally, State Street Corp raised its stake in AON by 0.4% during the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after buying an additional 32,417 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Price Performance

AON opened at $394.22 on Friday. The company has a market capitalization of $85.15 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 2.12 and a beta of 0.92. 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 50-day moving average price of $388.72 and a 200-day moving average price of $372.20. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97.

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

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.68%. AON’s dividend payout ratio (DPR) is currently 21.33%.

Wall Street Analyst Weigh In

Several brokerages recently commented on AON. Redburn Atlantic upgraded AON to a “hold” rating in a research report on Tuesday, March 25th. 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 research report on Monday, February 3rd. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Wells Fargo & Company raised their price target 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 upped their price objective 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 equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $386.21.

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.