M.D. Sass LLC Makes New Investment in Aon plc (NYSE:AON)

M.D. Sass LLC bought a new position in shares of Aon plc (NYSE:AON - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 171,341 shares of the financial services provider's stock, valued at approximately $61,539,000. AON accounts for 4.6% of M.D. Sass LLC's holdings, making the stock its 9th biggest holding. M.D. Sass LLC owned about 0.08% of AON as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of AON. Charles Schwab Investment Management Inc. raised its holdings in AON by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock valued at $444,563,000 after acquiring an additional 31,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 buying an additional 20,942 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in AON by 5.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock valued at $9,530,000 after purchasing an additional 1,451 shares in the last quarter. Proficio Capital Partners LLC raised its position 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 worth $140,404,000 after acquiring an additional 390,017 shares in the last quarter. Finally, State Street Corp boosted its holdings 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 buying an additional 32,417 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

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Wall Street Analyst Weigh In

AON has been the topic of several recent analyst reports. Piper Sandler upped their price target on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Wells Fargo & Company lifted their target price on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Royal Bank of Canada lifted 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. Keefe, Bruyette & Woods increased their target price on shares of AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Finally, Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $386.21.

AON Price Performance

Shares of NYSE:AON traded down $5.15 during trading on Friday, hitting $394.39. 300,096 shares of the company were exchanged, compared to its average volume of 1,187,356. The company has a market capitalization of $85.19 billion, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The business's 50 day moving average is $388.16 and its 200-day moving average is $371.75.

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 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 quarter in the prior year, the firm posted $3.89 earnings per share. Equities analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON's dividend payout ratio is currently 21.33%.

AON Company 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.