APG Asset Management N.V. Invests $42.21 Million in Aon plc (NYSE:AON)

APG Asset Management N.V. bought a new stake in shares of Aon plc (NYSE:AON - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 121,700 shares of the financial services provider's stock, valued at approximately $42,211,000. APG Asset Management N.V. owned 0.06% of AON at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AON. Benjamin Edwards Inc. acquired a new position in shares of AON during the third quarter worth $224,000. Centiva Capital LP acquired a new position in shares of AON during the 3rd quarter worth about $229,000. IHT Wealth Management LLC purchased a new position in shares of AON in the 3rd quarter valued at about $265,000. Quantinno Capital Management LP raised its position in shares of AON by 79.6% during the 3rd quarter. Quantinno Capital Management LP now owns 9,050 shares of the financial services provider's stock worth $3,131,000 after acquiring an additional 4,010 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in AON by 392.2% during the third quarter. Wellington Management Group LLP now owns 6,039 shares of the financial services provider's stock worth $2,089,000 after purchasing an additional 4,812 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Price Performance

Shares of NYSE AON traded up $8.16 during midday trading on Monday, hitting $384.46. The company had a trading volume of 346,360 shares, compared to its average volume of 1,226,222. The firm has a market capitalization of $83.04 billion, a price-to-earnings ratio of 30.37, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The business has a 50-day simple moving average of $390.58 and a two-hundred day simple moving average of $374.75. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

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AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping 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 last year, the business posted $3.89 EPS. Equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.745 dividend. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a yield of 0.78%. AON's dividend payout ratio is 21.33%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AON shares. Jefferies Financial Group raised their price objective on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a report on Friday. Barclays cut their price target on AON from $440.00 to $430.00 and set an "overweight" rating on the stock in a research report on Friday. Keefe, Bruyette & Woods raised their target price on shares of AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Piper Sandler upped their price target on shares of AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, Redburn Partners set a $445.00 price objective on shares of AON in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $393.87.

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.