Aon plc (NYSE:AON) Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC increased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 69.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 603,736 shares of the financial services provider's stock after buying an additional 247,349 shares during the quarter. Voya Investment Management LLC owned about 0.28% of AON worth $216,838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in shares of AON in the third quarter worth approximately $1,685,000. Anchor Investment Management LLC boosted its holdings in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its holdings in shares of AON by 11.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 10,093 shares of the financial services provider's stock worth $3,492,000 after buying an additional 1,012 shares during the last quarter. World Investment Advisors LLC acquired a new position in AON in the third quarter valued at $275,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of AON during the 3rd quarter worth about $1,959,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on AON. JPMorgan Chase & Co. increased their price objective on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Redburn Partners set a $445.00 target price on AON in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods boosted their price target on AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Piper Sandler increased 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. Finally, Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, AON presently has an average rating of "Hold" and an average price target of $393.87.

AON Stock Performance

Shares of NYSE:AON traded down $28.60 on Friday, reaching $336.45. 5,317,653 shares of the company's stock were exchanged, compared to its average volume of 1,240,982. Aon plc has a fifty-two week low of $275.07 and a fifty-two week high of $412.97. The business's 50-day moving average is $386.53 and its two-hundred day moving average is $375.76. 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 capitalization of $72.67 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON - Get Free Report) last issued its earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. As a group, equities research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.745 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a yield of 0.89%. AON's dividend payout ratio (DPR) is currently 25.38%.

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.