Aon plc (NYSE:AON) Shares Purchased by FIL Ltd

FIL Ltd raised its position in Aon plc (NYSE:AON - Free Report) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,160,465 shares of the financial services provider's stock after buying an additional 1,143 shares during the period. FIL Ltd owned about 0.54% of AON worth $416,793,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Endeavor Private Wealth Inc. purchased a new position in AON during the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. grew its stake in AON by 2,025.0% in the 4th 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 purchased a new stake in AON in the 4th quarter worth $32,000. Anchor Investment Management LLC raised its position in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after acquiring an additional 93 shares during the period. Finally, Centricity Wealth Management LLC acquired a new stake in shares of AON in the fourth quarter valued at about $39,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AON. Redburn Atlantic raised shares of AON to a "hold" rating in a research note on Tuesday, March 25th. Jefferies Financial Group raised their target price on AON from $396.00 to $416.00 and gave the company a "hold" rating in a research report on Friday. Wells Fargo & Company boosted their price target on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, Redburn Partners set a $445.00 target price on shares of AON in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $393.87.

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AON Trading Up 1.7 %

Shares of NYSE AON traded up $6.24 during mid-day trading on Friday, reaching $375.26. 1,759,625 shares of the company's stock were exchanged, compared to its average volume of 1,221,631. The company's 50-day moving average is $390.58 and its 200-day moving average is $374.75. 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 firm has a market capitalization of $81.06 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 2.12 and a beta of 0.82. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the firm earned $3.89 earnings per share. Analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.745 per share. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.79%. AON's dividend payout ratio (DPR) is currently 21.33%.

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.