Kraft Davis & Associates LLC Has $2.82 Million Stock Holdings in Aon plc (NYSE:AON)

Kraft Davis & Associates LLC reduced its stake in shares of Aon plc (NYSE:AON - Free Report) by 21.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,332 shares of the financial services provider's stock after selling 2,004 shares during the quarter. Kraft Davis & Associates LLC's holdings in AON were worth $2,821,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DRW Securities LLC acquired a new stake in shares of AON during the 4th quarter valued at $754,000. APG Asset Management N.V. purchased a new position in AON in the 4th quarter worth about $42,211,000. Applied Finance Capital Management LLC raised its holdings in AON by 3.7% during the 4th quarter. Applied Finance Capital Management LLC now owns 4,955 shares of the financial services provider's stock worth $1,780,000 after buying an additional 176 shares during the period. Bank of Nova Scotia boosted its holdings in shares of AON by 200.1% in the fourth quarter. Bank of Nova Scotia now owns 81,878 shares of the financial services provider's stock worth $29,407,000 after buying an additional 54,593 shares during the period. Finally, Shelton Capital Management increased its position in shares of AON by 3.9% in the fourth quarter. Shelton Capital Management now owns 1,230 shares of the financial services provider's stock worth $442,000 after acquiring an additional 46 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Redburn Atlantic raised AON to a "hold" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. lifted their price target on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Royal Bank of Canada lifted their price objective on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Piper Sandler upped their target price on shares of AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, Redburn Partners set a $445.00 price target on shares of AON in a research note on Tuesday, March 25th. One 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. Based on data from MarketBeat.com, AON has a consensus rating of "Hold" and a consensus price target of $393.87.

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AON Stock Performance

Shares of AON traded up $8.20 during mid-day trading on Monday, reaching $384.50. The company's stock had a trading volume of 386,881 shares, compared to its average volume of 1,218,444. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97. The business has a 50-day simple moving average of $390.58 and a two-hundred day simple moving average of $374.75. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock has a market cap of $83.05 billion, a P/E ratio of 30.37, a PEG ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON - Get Free Report) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating 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 business earned $3.89 EPS. As a group, equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.78%. This is a positive change from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio is presently 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.