Pictet Asset Management Holding SA Buys 8,399 Shares of Aon plc (NYSE:AON)

Pictet Asset Management Holding SA boosted its position in Aon plc (NYSE:AON - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 142,182 shares of the financial services provider's stock after acquiring an additional 8,399 shares during the period. Pictet Asset Management Holding SA owned 0.07% of AON worth $51,066,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AON. Endeavor Private Wealth Inc. purchased a new position in AON during the 4th quarter valued at about $29,000. Richardson Financial Services Inc. increased its stake in shares of AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after buying an additional 81 shares during the period. Millstone Evans Group LLC bought a new position in shares of AON during the fourth quarter valued at approximately $32,000. Anchor Investment Management LLC lifted its stake in AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after acquiring an additional 93 shares during the period. Finally, Centricity Wealth Management LLC bought a new stake in AON in the fourth quarter valued at $39,000. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AON shares. JPMorgan Chase & Co. raised their target price on shares of AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a research report on Friday, January 3rd. Redburn Atlantic raised AON to a "hold" rating in a research report on Tuesday, March 25th. Evercore ISI raised AON from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods upped their price target on AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada raised their price objective on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. One 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's stock. Based on data from MarketBeat, AON presently has a consensus rating of "Hold" and a consensus price target of $386.21.

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AON Stock Up 1.0 %

Shares of NYSE AON traded up $4.08 during midday trading on Monday, hitting $398.63. The 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 P/E ratio of 31.49, a PEG ratio of 2.12 and a beta of 0.92. 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 $389.38 and its 200-day moving average is $372.75. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the firm posted $3.89 EPS. As a group, analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON's dividend payout ratio (DPR) is 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.