Invesco Ltd. Acquires 56,076 Shares of Aon plc (NYSE:AON)

Invesco Ltd. lifted its stake in shares of Aon plc (NYSE:AON) by 5.8% in the 4th quarter, Holdings Channel reports. The fund owned 1,021,021 shares of the financial services provider’s stock after acquiring an additional 56,076 shares during the quarter. Invesco Ltd.’s holdings in AON were worth $366,710,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AON. Endeavor Private Wealth Inc. bought a new position in AON during the 4th quarter worth about $29,000. Richardson Financial Services Inc. raised its position in 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 during the last quarter. Millstone Evans Group LLC bought a new stake in AON in the 4th quarter valued at approximately $32,000. Anchor Investment Management LLC boosted its position in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in shares of AON in the fourth quarter valued at approximately $39,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Price Performance

AON stock opened at $373.79 on Thursday. The company has a market capitalization of $80.74 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 2.12 and a beta of 0.82. The stock’s 50 day moving average is $390.77 and its 200-day moving average is $374.21. 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 earnings results 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 return on equity of 70.84% and a net margin of 16.91%. During the same quarter in the prior year, the company earned $3.89 earnings per share. Equities research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.72%. AON’s dividend payout ratio is presently 21.33%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Redburn Partners set a $445.00 target price on AON in a research report on Tuesday, March 25th. Piper Sandler raised their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Redburn Atlantic upgraded AON to a “hold” rating in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company raised 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. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $391.13.

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.