Bessemer Group Inc. Buys 1,120 Shares of Aon plc (NYSE:AON)

Bessemer Group Inc. boosted its position in Aon plc (NYSE:AON - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,128 shares of the financial services provider's stock after buying an additional 1,120 shares during the quarter. Bessemer Group Inc.'s holdings in AON were worth $6,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in AON by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider's stock worth $7,010,714,000 after purchasing an additional 88,361 shares during the period. Geode Capital Management LLC boosted its position in AON by 14.5% during the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock valued at $1,773,165,000 after buying an additional 627,742 shares during the period. Bank of New York Mellon Corp grew its holdings in AON by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock worth $921,182,000 after acquiring an additional 343,592 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of AON by 2.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider's stock valued at $824,498,000 after acquiring an additional 64,720 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of AON by 86.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock worth $742,582,000 after purchasing an additional 960,204 shares during the period. 86.14% of the stock is currently owned by institutional investors.

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AON Stock Down 1.4 %

AON stock traded down $5.30 during mid-day trading on Tuesday, reaching $379.04. The stock had a trading volume of 845,424 shares, compared to its average volume of 1,222,436. Aon plc has a one year low of $268.06 and a one year high of $412.97. The company has a 50-day moving average price of $390.61 and a two-hundred day moving average price of $375.00. The company has a market capitalization of $81.87 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 2.12 and a beta of 0.82. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

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 (EPS) for the quarter, topping the consensus estimate 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. On average, analysts expect 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. 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. The ex-dividend date is Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.79%. AON's dividend payout ratio (DPR) is presently 21.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AON shares. Redburn Atlantic raised AON to a "hold" rating in a research report on Tuesday, March 25th. Jefferies Financial Group upped their target price on AON from $396.00 to $416.00 and gave the company a "hold" rating in a report on Friday. Redburn Partners set a $445.00 price target on shares of AON in a report on Tuesday, March 25th. Piper Sandler raised their target price on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, Barclays reduced their price target on shares of AON from $440.00 to $430.00 and set an "overweight" rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $393.87.

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.