New York Life Investment Management LLC Purchases 98 Shares of Aon plc (NYSE:AON)

New York Life Investment Management LLC boosted its holdings in shares of Aon plc (NYSE:AON) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,974 shares of the financial services provider’s stock after acquiring an additional 98 shares during the quarter. New York Life Investment Management LLC’s holdings in AON were worth $10,406,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AON. Diamond Hill Capital Management Inc. bought a new stake in shares of AON in the third quarter worth $336,375,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position 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 buying an additional 1,451 shares during the last quarter. State Street Corp grew its position in shares of AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after buying an additional 32,417 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of AON by 13.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock valued at $57,345,000 after buying an additional 20,084 shares during the last quarter. Finally, Retireful LLC bought a new stake in shares of AON in the 3rd quarter valued at about $759,000. 86.14% of the stock is owned by institutional investors.

AON Stock Up 1.1 %

Shares of NYSE:AON opened at $403.61 on Friday. The firm has a market cap of $87.18 billion, a P/E ratio of 31.88, a PEG ratio of 2.12 and a beta of 0.93. Aon plc has a 52-week low of $268.06 and a 52-week high of $408.26. The business’s 50 day simple moving average is $371.87 and its two-hundred day simple moving average is $363.54. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.

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, beating the consensus estimate 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 earnings per share. As a group, research analysts forecast that Aon plc will post 17.21 EPS for the current fiscal 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 $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.67%. AON’s dividend payout ratio is presently 21.33%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AON. Piper Sandler upped their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. BMO Capital Markets upped their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Royal Bank of Canada upped their price target 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. Wells Fargo & Company upped their price target on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $386.21.

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.