Neuberger Berman Group LLC Has $762.80 Million Holdings in Aon plc (NYSE:AON)

Neuberger Berman Group LLC increased its stake in shares of Aon plc (NYSE:AON - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,123,862 shares of the financial services provider's stock after purchasing an additional 86,148 shares during the quarter. AON makes up approximately 0.6% of Neuberger Berman Group LLC's holdings, making the stock its 23rd largest holding. Neuberger Berman Group LLC owned 0.98% of AON worth $762,796,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AON. Norges Bank acquired a new position in shares of AON during the 4th quarter valued at about $596,665,000. Artisan Partners Limited Partnership increased its position in AON by 86.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock worth $742,582,000 after purchasing an additional 960,204 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of AON by 14.5% during the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock worth $1,773,165,000 after buying an additional 627,742 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of AON by 43,000.8% in the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock worth $140,404,000 after purchasing an additional 390,017 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock valued at $921,182,000 after buying an additional 343,592 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

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Analyst Ratings Changes

AON has been the topic of several recent research reports. Redburn Partners set a $445.00 target price on shares of AON in a report on Tuesday, March 25th. 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 report on Wednesday, February 5th. Royal Bank of Canada increased their price target on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. Piper Sandler raised their price objective on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $393.87.

AON Stock Performance

AON stock traded down $3.05 during trading on Tuesday, reaching $381.29. 211,383 shares of the company's stock were exchanged, compared to its average volume of 1,218,916. 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 firm has a market cap of $82.36 billion, a PE ratio of 30.12, a P/E/G ratio of 2.12 and a beta of 0.82. The company's fifty day moving average price is $390.61 and its 200-day moving average price is $375.00.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data 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 return on equity of 70.84% and a net margin of 16.91%. During the same period in the prior year, the firm posted $3.89 EPS. On average, research analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, May 1st. This is an increase from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a yield of 0.78%. AON's 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.