Jones Financial Companies Lllp Boosts Stake in Aon plc (NYSE:AON)

Jones Financial Companies Lllp lifted its stake in Aon plc (NYSE:AON - Free Report) by 24.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,808 shares of the financial services provider's stock after purchasing an additional 744 shares during the quarter. Jones Financial Companies Lllp's holdings in AON were worth $1,368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. State Street Corp increased its stake in AON by 0.4% during the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider's stock worth $3,059,977,000 after acquiring an additional 32,417 shares during the last quarter. Geode Capital Management LLC increased its stake in AON by 0.9% during the third quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider's stock worth $1,489,690,000 after acquiring an additional 38,447 shares during the last quarter. Bank of New York Mellon Corp increased its stake in 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 last quarter. Cantillon Capital Management LLC increased its stake in AON by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 1,323,228 shares of the financial services provider's stock worth $475,251,000 after acquiring an additional 7,010 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in AON by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,206,763 shares of the financial services provider's stock worth $417,528,000 after acquiring an additional 11,922 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AON shares. Evercore ISI raised AON from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods raised their target price on AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Royal Bank of Canada lifted their price objective on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Barclays lifted their price objective on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Finally, Piper Sandler lifted their price objective on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $386.21.

AON Stock Up 0.3 %

NYSE:AON traded up $1.34 during midday trading on Friday, reaching $402.94. The company had a trading volume of 1,300,602 shares, compared to its average volume of 1,090,210. The firm has a market capitalization of $87.03 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.12 and a beta of 0.92. The stock's fifty day simple moving average is $377.28 and its 200-day simple moving average is $366.64. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating 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 period last year, the firm earned $3.89 earnings per share. On average, sell-side analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 0.67%. The ex-dividend date was Monday, February 3rd. AON's dividend payout ratio (DPR) is 21.33%.

AON 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.