Aon plc (NYSE:AON) Stock Holdings Lifted by Strategy Asset Managers LLC

Strategy Asset Managers LLC increased its position in Aon plc (NYSE:AON) by 0.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,175 shares of the financial services provider’s stock after purchasing an additional 28 shares during the period. AON comprises about 1.3% of Strategy Asset Managers LLC’s investment portfolio, making the stock its 22nd biggest holding. Strategy Asset Managers LLC’s holdings in AON were worth $6,887,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. purchased a new stake in AON in the 4th quarter worth about $29,000. Richardson Financial Services Inc. grew its stake in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after buying an additional 81 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of AON in the fourth quarter valued at approximately $32,000. Anchor Investment Management LLC boosted its holdings in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the period. Finally, Centricity Wealth Management LLC bought a new stake in shares of AON in the 4th quarter worth approximately $39,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on AON. Royal Bank of Canada raised their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Wells Fargo & Company lifted their price target on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, Redburn Atlantic raised AON to a “hold” rating in a report on Tuesday. One equities 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $386.21.

AON Trading Down 1.3 %

AON stock opened at $394.22 on Friday. The stock has a 50-day simple moving average of $388.72 and a 200 day simple moving average of $372.06. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $85.15 billion, a P/E ratio of 31.14, a PEG ratio of 2.12 and a beta of 0.92. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97.

AON (NYSE:AON) last announced its 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 quarter last year, the firm posted $3.89 EPS. Analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.675 dividend. The ex-dividend date 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 (DPR) is 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.