Aon plc (NYSE:AON) is LTS One Management LP's 3rd Largest Position

LTS One Management LP increased its position in Aon plc (NYSE:AON - Free Report) by 25.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,000 shares of the financial services provider's stock after purchasing an additional 15,000 shares during the period. AON makes up approximately 7.5% of LTS One Management LP's holdings, making the stock its 3rd biggest position. LTS One Management LP's holdings in AON were worth $26,937,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AON. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of AON in the fourth quarter worth approximately $3,833,000. Value Partners Investments Inc. increased its position in shares of AON by 1.9% during the 4th quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider's stock valued at $533,000 after purchasing an additional 28 shares during the last quarter. Mariner LLC lifted its stake in shares of AON by 3.6% in the 4th quarter. Mariner LLC now owns 45,619 shares of the financial services provider's stock worth $16,385,000 after purchasing an additional 1,566 shares during the period. LFL Advisers LLC boosted its holdings in shares of AON by 1.3% in the fourth quarter. LFL Advisers LLC now owns 87,296 shares of the financial services provider's stock worth $31,353,000 after buying an additional 1,140 shares during the last quarter. Finally, Independent Franchise Partners LLP raised its position in AON by 2.3% in the fourth quarter. Independent Franchise Partners LLP now owns 2,016,972 shares of the financial services provider's stock worth $724,416,000 after acquiring an additional 45,075 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AON has been the topic of several analyst reports. Redburn Atlantic upgraded AON to a "hold" rating in a research report on Tuesday, March 25th. Redburn Partners set a $445.00 price objective on AON in a research note on Tuesday, March 25th. Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Royal Bank of Canada raised their price objective 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. Finally, Keefe, Bruyette & Woods upped their target price on shares of AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $393.87.

AON Price Performance

Shares of NYSE AON traded down $5.74 during mid-day trading on Friday, hitting $367.08. 1,562,803 shares of the company's stock traded hands, compared to its average volume of 1,226,689. The company has a market capitalization of $79.29 billion, a P/E ratio of 29.00, a PEG ratio of 2.12 and a beta of 0.82. Aon plc has a 1 year low of $268.06 and a 1 year 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 company's 50-day moving average is $389.51 and its two-hundred day moving average is $375.29.

AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the company posted $3.89 EPS. On average, equities analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.745 per share. This is a boost from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.81%. AON's dividend payout ratio is currently 23.54%.

AON Company 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.