Aon plc (NYSE:AON) Shares Purchased by Aviva PLC

Aviva PLC raised its holdings in shares of Aon plc (NYSE:AON) by 19.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,760 shares of the financial services provider’s stock after buying an additional 40,850 shares during the period. Aviva PLC’s holdings in AON were worth $91,859,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. V Square Quantitative Management LLC lifted its holdings in shares of AON by 1.3% during the 4th 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 lifted its stake in shares of AON by 5.2% during the fourth 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 boosted its position in shares of AON by 0.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after buying an additional 33 shares during the period. Moors & Cabot Inc. grew its stake in shares of AON by 3.0% in 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 in the last quarter. Finally, Sandy Cove Advisors LLC raised its holdings in shares of AON by 3.5% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $361,000 after buying an additional 34 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AON has been the subject of a number of analyst reports. Redburn Atlantic upgraded AON to a “hold” rating in a report on Tuesday, March 25th. Wells Fargo & Company upped 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. Royal Bank of Canada boosted their price objective on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and raised their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods boosted 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. One research 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. Based on data from MarketBeat, AON currently has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Stock Performance

AON stock opened at $375.94 on Friday. The firm has a market cap of $81.20 billion, a P/E ratio of 29.69, a P/E/G ratio of 2.12 and a beta of 0.92. The stock’s 50 day simple moving average is $391.32 and its 200 day simple moving average is $373.59. 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 plc has a 12-month low of $268.06 and a 12-month high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) 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 in the prior year, the company posted $3.89 EPS. As a group, equities research analysts predict 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. Stockholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 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.