Diamond Hill Capital Management Inc. Has $448.14 Million Stock Holdings in Aon plc (NYSE:AON)

Diamond Hill Capital Management Inc. boosted its stake in Aon plc (NYSE:AON - Free Report) by 28.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,247,736 shares of the financial services provider's stock after purchasing an additional 275,525 shares during the quarter. AON comprises about 2.0% of Diamond Hill Capital Management Inc.'s investment portfolio, making the stock its 15th largest holding. Diamond Hill Capital Management Inc. owned about 0.58% of AON worth $448,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AON. Endeavor Private Wealth Inc. acquired a new position in AON in the fourth quarter valued at about $29,000. Richardson Financial Services Inc. grew its stake in AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 81 shares during the period. Anchor Investment Management LLC grew its stake in AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 93 shares during the period. Centricity Wealth Management LLC acquired a new position in AON in the fourth quarter valued at about $39,000. Finally, Kestra Investment Management LLC acquired a new position in AON in the fourth quarter valued at about $39,000. Institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price objective on AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Evercore ISI raised AON from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Barclays upped their price objective on AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Royal Bank of Canada upped their price objective on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their price target on AON from $379.00 to $394.00 and gave the company an "overweight" rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $386.21.

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AON Stock Performance

Shares of NYSE AON traded down $1.19 during trading hours on Tuesday, reaching $389.79. 1,584,628 shares of the stock were exchanged, compared to its average volume of 1,103,924. The firm has a market capitalization of $84.19 billion, a price-to-earnings ratio of 30.79, 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. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The stock's fifty day simple moving average is $382.21 and its 200 day simple moving average is $369.46.

AON (NYSE:AON - Get Free Report) last announced its 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 return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the company earned $3.89 EPS. Sell-side analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Monday, February 3rd. AON's dividend payout ratio is currently 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.