84,152 Shares in Aon plc (NYSE:AON) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in shares of Aon plc (NYSE:AON - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 84,152 shares of the financial services provider's stock, valued at approximately $30,224,000.

Other hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC boosted its holdings in AON by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider's stock worth $840,000 after acquiring an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in AON by 5.2% in the 4th 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 increased its stake in AON by 0.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider's stock valued at $1,326,000 after purchasing an additional 33 shares in the last quarter. Moors & Cabot Inc. raised its holdings in AON by 3.0% in the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock worth $406,000 after buying an additional 33 shares during the last quarter. Finally, Sandy Cove Advisors LLC lifted its stake in shares of AON by 3.5% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,004 shares of the financial services provider's stock worth $361,000 after buying an additional 34 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

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AON Price Performance

NYSE AON traded up $1.94 during trading hours on Thursday, reaching $398.67. The company's stock had a trading volume of 1,527,964 shares, compared to its average volume of 1,106,920. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The firm's 50-day moving average price is $387.55 and its 200-day moving average price is $371.56. The company has a market capitalization of $86.11 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON - Get Free Report) last issued 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 net margin of 16.91% and a return on equity of 70.84%. During the same quarter last year, the business earned $3.89 earnings per share. On average, equities research analysts predict that Aon plc will post 17.21 EPS for the current fiscal 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 $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 0.68%. AON's dividend payout ratio (DPR) is presently 21.33%.

Wall Street Analysts Forecast Growth

AON has been the subject of a number of research analyst reports. Piper Sandler lifted their target price on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price objective on AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. upped their target price on shares of AON from $379.00 to $394.00 and gave the company an "overweight" rating in a research note on Friday, January 3rd. Royal Bank of Canada lifted their price target on shares of AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Finally, Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.