Vanguard Group Inc. Buys 88,361 Shares of Aon plc (NYSE:AON)

Vanguard Group Inc. raised its position in Aon plc (NYSE:AON - Free Report) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,519,752 shares of the financial services provider's stock after purchasing an additional 88,361 shares during the quarter. Vanguard Group Inc. owned about 9.03% of AON worth $7,010,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AON. LPL Financial LLC grew its stake in shares of AON by 9.0% in the fourth quarter. LPL Financial LLC now owns 68,425 shares of the financial services provider's stock worth $24,576,000 after purchasing an additional 5,660 shares in the last quarter. Fortis Capital Management LLC grew its position in AON by 0.5% in the 4th quarter. Fortis Capital Management LLC now owns 13,620 shares of the financial services provider's stock valued at $4,892,000 after buying an additional 73 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in AON during the 4th quarter valued at about $30,224,000. Sei Investments Co. lifted its stake in shares of AON by 25.9% in the 4th quarter. Sei Investments Co. now owns 300,682 shares of the financial services provider's stock worth $107,995,000 after acquiring an additional 61,869 shares during the period. Finally, Mizuho Securities USA LLC lifted its position in AON by 45.5% in the fourth quarter. Mizuho Securities USA LLC now owns 20,497 shares of the financial services provider's stock worth $7,362,000 after purchasing an additional 6,410 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

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AON Stock Down 1.3 %

Shares of AON stock traded down $5.32 during trading on Friday, hitting $394.22. 1,142,323 shares of the company were exchanged, compared to its average volume of 1,192,492. The firm has a market capitalization of $85.15 billion, a price-to-earnings ratio of 31.14, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The business's 50-day simple moving average is $388.72 and its 200 day simple moving average is $372.06. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97.

AON (NYSE:AON - Get Free Report) last posted its quarterly 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 period in the prior year, the firm earned $3.89 EPS. As a group, analysts forecast 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. Shareholders of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON's payout ratio is 21.33%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Piper Sandler raised their target price on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Wells Fargo & Company raised their price objective 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. Redburn Atlantic upgraded shares of AON to a "hold" rating in a report on Tuesday. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada increased their price objective on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average 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.