Aon plc (NYSE:AON) Shares Acquired by Amalgamated Bank

Amalgamated Bank increased its position in shares of Aon plc (NYSE:AON - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,992 shares of the financial services provider's stock after buying an additional 1,155 shares during the period. Amalgamated Bank's holdings in AON were worth $15,441,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AON. AMF Tjanstepension AB bought a new stake in AON during the third quarter valued at about $20,856,000. Mirae Asset Global Investments Co. Ltd. boosted its position in AON by 46.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,094 shares of the financial services provider's stock valued at $5,568,000 after purchasing an additional 5,100 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in AON during the third quarter valued at about $212,000. TCI Wealth Advisors Inc. bought a new stake in AON during the third quarter valued at about $240,000. Finally, Autumn Glory Partners LLC bought a new stake in AON during the third quarter valued at about $311,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on AON. Keefe, Bruyette & Woods raised their price objective on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a research note on Friday, January 3rd. Wells Fargo & Company boosted their price target on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada boosted their price target on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $386.21.

AON Stock Performance

NYSE AON traded up $5.15 during trading hours on Friday, reaching $409.15. The stock had a trading volume of 1,641,942 shares, compared to its average volume of 1,087,155. The stock has a fifty day moving average of $372.88 and a 200 day moving average of $364.09. The stock has a market cap of $88.38 billion, a P/E ratio of 32.32, a price-to-earnings-growth 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 $409.99. 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 - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the firm earned $3.89 earnings per share. Sell-side analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Monday, February 3rd. AON's payout ratio is presently 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.