Lord Abbett & CO. LLC Has $85.89 Million Stock Holdings in Aon plc (NYSE:AON)

Lord Abbett & CO. LLC lifted its holdings in shares of Aon plc (NYSE:AON - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 239,151 shares of the financial services provider's stock after buying an additional 9,693 shares during the period. Lord Abbett & CO. LLC owned about 0.11% of AON worth $85,893,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Hancock Whitney Corp boosted its stake in shares of AON by 105.3% during the 4th quarter. Hancock Whitney Corp now owns 1,819 shares of the financial services provider's stock worth $653,000 after buying an additional 933 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of AON by 69.4% during the 4th quarter. Voya Investment Management LLC now owns 603,736 shares of the financial services provider's stock worth $216,838,000 after buying an additional 247,349 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of AON by 3.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 5,430 shares of the financial services provider's stock worth $1,950,000 after buying an additional 162 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in shares of AON during the 4th quarter worth about $33,068,000. Finally, Ironvine Capital Partners LLC lifted its stake in AON by 0.3% in the 4th quarter. Ironvine Capital Partners LLC now owns 106,937 shares of the financial services provider's stock valued at $38,407,000 after purchasing an additional 288 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Price Performance

Shares of NYSE:AON traded up $7.78 during trading on Monday, reaching $343.63. 2,943,919 shares of the company traded hands, compared to its average volume of 1,247,794. The company's 50 day moving average is $386.53 and its two-hundred day moving average is $375.91. The firm has a market capitalization of $74.22 billion, a PE ratio of 27.14, a PEG ratio of 2.12 and a beta of 0.82. 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 52 week low of $275.07 and a 52 week high of $412.97.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a return on equity of 70.84% and a net margin of 16.91%. The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same period last year, the firm posted $5.66 EPS. AON's quarterly revenue was up 16.2% on a year-over-year basis. As a group, sell-side analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 1st. This is a boost from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio is presently 25.38%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Keefe, Bruyette & Woods upped their price objective on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Jefferies Financial Group lifted their target price on AON from $396.00 to $416.00 and gave the stock 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. Evercore ISI reduced their target price on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their target price on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, AON currently has a consensus rating of "Hold" and a consensus target price of $392.00.

About AON

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.