UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $457.55 Million Position in Aon plc (NYSE:AON)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Aon plc (NYSE:AON) by 21.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,273,950 shares of the financial services provider’s stock after buying an additional 223,413 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in AON were worth $457,552,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Merit Financial Group LLC raised its position in shares of AON by 142.7% in the 4th quarter. Merit Financial Group LLC now owns 3,439 shares of the financial services provider’s stock valued at $1,235,000 after buying an additional 2,022 shares in the last quarter. Grove Bank & Trust raised its position in shares of AON by 65.3% in the 4th quarter. Grove Bank & Trust now owns 167 shares of the financial services provider’s stock valued at $60,000 after buying an additional 66 shares in the last quarter. Diversify Wealth Management LLC raised its position in shares of AON by 13.6% in the 4th quarter. Diversify Wealth Management LLC now owns 1,045 shares of the financial services provider’s stock valued at $365,000 after buying an additional 125 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in shares of AON in the 4th quarter valued at approximately $280,000. Finally, UMB Bank n.a. raised its position in shares of AON by 11.7% in the 4th quarter. UMB Bank n.a. now owns 1,820 shares of the financial services provider’s stock valued at $654,000 after buying an additional 191 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Down 0.8%

AON opened at $362.16 on Wednesday. Aon plc has a fifty-two week low of $275.07 and a fifty-two week high of $412.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $78.20 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 2.12 and a beta of 0.89. The company’s 50 day moving average price is $371.70 and its two-hundred day moving average price is $375.08.

AON (NYSE:AON) last posted its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts’ consensus estimates of $6.04 by ($0.37). AON had a return on equity of 70.84% and a net margin of 16.91%. The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same period in the previous year, the firm earned $5.66 earnings per share. The company’s revenue was up 16.2% compared to the same quarter last year. As a group, research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a $0.745 dividend. This is a positive change from AON’s previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Thursday, May 1st. AON’s dividend payout ratio is currently 25.38%.

Analyst Upgrades and Downgrades

AON has been the subject of several analyst reports. Barclays dropped their target price on shares of AON from $430.00 to $415.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. 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. The Goldman Sachs Group raised shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 price target on the stock in a report on Tuesday, May 13th. Redburn Atlantic raised shares of AON to a “hold” rating in a report on Tuesday, March 25th. Finally, Royal Bank of Canada lifted their price target 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 investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $391.75.

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.