Aon plc (NYSE:AON) Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC raised its holdings in Aon plc (NYSE:AON - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,064 shares of the financial services provider's stock after purchasing an additional 1,075 shares during the quarter. NewEdge Advisors LLC's holdings in AON were worth $4,333,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AON. Vanguard Group Inc. lifted its holdings in shares of AON by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider's stock valued at $7,010,714,000 after buying an additional 88,361 shares during the period. Geode Capital Management LLC lifted its holdings in AON by 14.5% in the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock valued at $1,773,165,000 after acquiring an additional 627,742 shares during the period. Bank of New York Mellon Corp boosted its position in shares of AON by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock worth $921,182,000 after purchasing an additional 343,592 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of AON by 2.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider's stock valued at $824,498,000 after purchasing an additional 64,720 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in shares of AON by 4.2% in the fourth quarter. Neuberger Berman Group LLC now owns 2,123,862 shares of the financial services provider's stock valued at $762,796,000 after purchasing an additional 86,148 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AON. Redburn Atlantic upgraded shares of AON to a "hold" rating in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods boosted their target price on AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and raised their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Piper Sandler boosted their price objective on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, Jefferies Financial Group raised their target price on shares of AON from $396.00 to $416.00 and gave the company a "hold" rating in a report on Friday, April 11th. One equities research 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. According to data from MarketBeat, AON has a consensus rating of "Hold" and an average target price of $393.87.

AON Trading Up 0.1 %

Shares of AON stock traded up $0.31 during trading hours on Wednesday, reaching $368.83. 1,145,312 shares of the company's stock were exchanged, compared to its average volume of 1,231,994. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The company has a fifty day moving average of $388.46 and a 200-day moving average of $375.68. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market capitalization of $79.67 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (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 last year, the business posted $3.89 EPS. Sell-side analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The business also recently declared 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. This is a positive change from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.98 annualized dividend and a yield of 0.81%. AON's dividend payout ratio is 23.54%.

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.