LGT Fund Management Co Ltd. Has $3.78 Million Holdings in Aon plc (NYSE:AON)

LGT Fund Management Co Ltd. reduced its stake in shares of Aon plc (NYSE:AON - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,533 shares of the financial services provider's stock after selling 690 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in AON were worth $3,783,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Pinnacle Associates Ltd. increased its position in shares of AON by 71.2% during the third quarter. Pinnacle Associates Ltd. now owns 1,390 shares of the financial services provider's stock valued at $481,000 after purchasing an additional 578 shares during the period. Farther Finance Advisors LLC raised its stake in shares of AON by 19.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 936 shares of the financial services provider's stock valued at $324,000 after buying an additional 154 shares in the last quarter. Pure Financial Advisors LLC boosted its position in shares of AON by 10.8% during the 3rd quarter. Pure Financial Advisors LLC now owns 10,093 shares of the financial services provider's stock valued at $3,492,000 after acquiring an additional 986 shares in the last quarter. Veritas Asset Management LLP increased its stake in AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider's stock valued at $1,041,623,000 after acquiring an additional 883,761 shares during the period. Finally, Lansing Street Advisors bought a new position in AON during the third quarter worth about $202,000. Institutional investors own 86.14% of the company's stock.

AON Trading Down 0.5 %

Shares of AON stock traded down $1.99 during trading on Thursday, reaching $402.09. 899,644 shares of the company were exchanged, compared to its average volume of 1,083,909. 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 twelve month low of $268.06 and a twelve month high of $412.97. The firm has a market capitalization of $86.85 billion, a price-to-earnings ratio of 31.76, a P/E/G ratio of 2.12 and a beta of 0.93. The business has a 50-day moving average price of $375.61 and a 200-day moving average price of $365.91.

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 period in the prior year, the business posted $3.89 EPS. Sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Monday, February 3rd. AON's dividend payout ratio is currently 21.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods raised their price objective on shares of AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Royal Bank of Canada increased their price target on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Wells Fargo & Company lifted their price objective on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Finally, Piper Sandler raised 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $386.21.

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.