DnB Asset Management AS Purchases 1,493 Shares of Aon plc (NYSE:AON)

DnB Asset Management AS raised its stake in Aon plc (NYSE:AON - Free Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 35,274 shares of the financial services provider's stock after purchasing an additional 1,493 shares during the quarter. DnB Asset Management AS's holdings in AON were worth $12,669,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AON. Endeavor Private Wealth Inc. bought a new stake in AON during the 4th quarter valued at $29,000. Richardson Financial Services Inc. increased its position in shares of 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. Millstone Evans Group LLC bought a new position in shares of AON during the fourth quarter valued at about $32,000. Anchor Investment Management LLC grew its stake in shares of AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after purchasing an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in AON during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analysts Set New Price Targets

AON has been the topic of a number of recent analyst reports. Redburn Atlantic upgraded AON to a "hold" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. boosted their price objective on shares of AON from $379.00 to $394.00 and gave the company an "overweight" rating in a research report on Friday, January 3rd. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Wells Fargo & Company raised their price objective on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Piper Sandler upped their target price on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, AON presently has a consensus rating of "Hold" and a consensus price target of $386.21.

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AON Stock Up 1.0 %

Shares of AON traded up $4.08 on Monday, hitting $398.63. 1,339,059 shares of the stock traded hands, compared to its average volume of 1,193,075. The company has a market capitalization of $86.10 billion, a PE ratio of 31.49, a P/E/G ratio of 2.12 and a beta of 0.92. Aon plc has a one year low of $268.06 and a one year high of $412.97. 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 has a 50 day simple moving average of $389.38 and a 200 day simple moving average of $372.75.

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 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 period in the previous year, the company earned $3.89 earnings per share. As a group, equities analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON's payout ratio is presently 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.