Invesco Ltd. Increases Stock Holdings in Aon plc (NYSE:AON)

Invesco Ltd. boosted its holdings in Aon plc (NYSE:AON - Free Report) by 5.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,021,021 shares of the financial services provider's stock after purchasing an additional 56,076 shares during the quarter. Invesco Ltd. owned approximately 0.47% of AON worth $366,710,000 as of its most recent SEC filing.

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

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Wall Street Analyst Weigh In

Several analysts have issued reports on AON shares. Redburn Partners set a $445.00 target price on AON in a research report on Tuesday, March 25th. Evercore ISI raised AON from an "in-line" rating to an "outperform" rating and upped their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Barclays dropped their price target on AON from $440.00 to $430.00 and set an "overweight" rating on the stock in a research note on Friday. Jefferies Financial Group raised their price objective on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research note on Friday. Finally, Wells Fargo & Company increased their price objective on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $393.87.

AON Trading Down 0.4 %

NYSE:AON traded down $1.43 on Tuesday, reaching $382.91. The company's stock had a trading volume of 164,472 shares, compared to its average volume of 1,218,738. The stock has a 50 day moving average price of $390.61 and a 200 day moving average price of $375.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The firm has a market cap of $82.71 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82.

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 (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 quarter in the previous year, the firm earned $3.89 EPS. On average, equities analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.745 dividend. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, May 1st. AON's dividend payout ratio 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.