Nomura Asset Management Co. Ltd. Boosts Stake in Aon plc (NYSE:AON)

Nomura Asset Management Co. Ltd. increased its holdings in Aon plc (NYSE:AON - Free Report) by 2.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 169,593 shares of the financial services provider's stock after buying an additional 3,852 shares during the period. Nomura Asset Management Co. Ltd. owned 0.08% of AON worth $60,911,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AON. Norges Bank purchased a new position in shares of AON during the 4th quarter valued at about $596,665,000. Artisan Partners Limited Partnership grew its holdings in shares of AON by 86.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock valued at $742,582,000 after purchasing an additional 960,204 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in AON by 334.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider's stock worth $363,475,000 after purchasing an additional 808,990 shares during the last quarter. Proficio Capital Partners LLC lifted its stake 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 valued at $140,404,000 after acquiring an additional 390,017 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of AON by 15.5% during 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 purchasing an additional 343,592 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

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AON Stock Up 1.0 %

AON stock traded up $4.08 during midday trading on Monday, hitting $398.63. The company's stock had a trading volume of 1,339,059 shares, compared to its average volume of 1,193,075. The company has a market cap of $86.10 billion, a PE ratio of 31.49, a P/E/G ratio of 2.12 and a beta of 0.92. The firm's 50-day moving average is $388.72 and its 200-day moving average is $372.40. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. 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 (NYSE:AON - Get Free Report) last announced its quarterly 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 period last year, the firm earned $3.89 earnings per share. On average, equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal 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 paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON's dividend payout ratio (DPR) is presently 21.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Piper Sandler boosted their price objective on shares of 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 price objective on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and upped their target price for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price target on shares of AON from $379.00 to $394.00 and gave the company an "overweight" rating in a report on Friday, January 3rd. Finally, Royal Bank of Canada upped their price objective on shares of AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. 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's stock. According to data from MarketBeat.com, AON has a consensus rating of "Hold" and an average price target of $386.21.

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.