Gabelli Funds LLC Purchases New Position in Aon plc (NYSE:AON)

Gabelli Funds LLC acquired a new position in shares of Aon plc (NYSE:AON - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,440 shares of the financial services provider's stock, valued at approximately $3,031,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new position in shares of AON during the fourth quarter valued at $29,000. Richardson Financial Services Inc. increased its stake in shares of AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after buying an additional 81 shares during the period. Millstone Evans Group LLC purchased a new position in shares of AON during the fourth quarter valued at $32,000. Anchor Investment Management LLC increased its stake in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after buying an additional 93 shares during the period. Finally, Centricity Wealth Management LLC purchased a new position in shares of AON during the fourth quarter valued at $39,000. 86.14% of the stock is owned by institutional investors.

AON Stock Down 0.2 %

NYSE AON traded down $0.71 during trading on Wednesday, hitting $367.81. The company's stock had a trading volume of 288,094 shares, compared to its average volume of 1,235,014. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $79.45 billion, a PE ratio of 29.05, a P/E/G ratio of 2.12 and a beta of 0.82. The business's 50 day simple moving average is $388.46 and its 200-day simple moving average is $375.68. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $412.97.

AON (NYSE:AON - Get Free Report) last issued 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 prior year, the firm earned $3.89 earnings per share. On average, equities analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.745 per share. This is an increase 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 0.81%. AON's payout ratio is 23.54%.

Analysts Set New Price Targets

Several equities analysts have recently commented on AON shares. Keefe, Bruyette & Woods raised their price target on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Piper Sandler lifted their target price on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Jefferies Financial Group lifted their target price on AON from $396.00 to $416.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Redburn Atlantic upgraded AON to a "hold" rating in a research note on Tuesday, March 25th. Finally, Royal Bank of Canada lifted their target price on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $393.87.

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.