Mariner LLC raised its position in Aon plc (NYSE:AON - Free Report) by 3.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 45,619 shares of the financial services provider's stock after buying an additional 1,566 shares during the quarter. Mariner LLC's holdings in AON were worth $16,385,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in AON. Charles Schwab Investment Management Inc. increased its position in AON by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock worth $444,563,000 after purchasing an additional 31,021 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AON by 27.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock worth $34,676,000 after purchasing an additional 20,942 shares during the period. Aviva PLC increased its holdings in shares of AON by 19.0% in the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock valued at $91,859,000 after purchasing an additional 40,850 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in AON by 5.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock worth $9,530,000 after buying an additional 1,451 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its holdings in AON by 43,000.8% in the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock valued at $140,404,000 after buying an additional 390,017 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on AON shares. Keefe, Bruyette & Woods boosted their price objective on shares of AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Piper Sandler raised their price objective on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and increased their target price for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Redburn Atlantic raised AON to a "hold" rating in a research note on Tuesday, March 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $393.87.
Get Our Latest Research Report on AON
AON Stock Up 2.0 %
Shares of AON traded up $6.98 during midday trading on Tuesday, reaching $362.93. 98,002 shares of the company were exchanged, compared to its average volume of 1,224,431. The company has a market cap of $78.39 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 2.12 and a beta of 0.82. 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 plc has a 1-year low of $268.06 and a 1-year high of $412.97. The stock has a 50-day moving average price of $388.90 and a 200-day moving average price of $375.73.
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, topping 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 quarter in the previous year, the company earned $3.89 EPS. Research analysts expect that Aon plc will post 17.21 earnings per share for the current year.
AON Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Thursday, May 1st. This is a positive change from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is 23.54%.
About AON
(
Free Report)
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.
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