Aon plc (NYSE:AON) Position Increased by Fiera Capital Corp

Fiera Capital Corp raised its position in Aon plc (NYSE:AON) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 497,294 shares of the financial services provider’s stock after purchasing an additional 12,733 shares during the quarter. Fiera Capital Corp owned approximately 0.23% of AON worth $178,608,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AON. Diamond Hill Capital Management Inc. bought a new stake in shares of AON in the 3rd quarter valued at approximately $336,375,000. Veritas Asset Management LLP grew its position in AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after acquiring an additional 883,761 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of AON by 334.9% during the 3rd 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. International Assets Investment Management LLC acquired a new stake in shares of AON in the 3rd quarter valued at $906,040,000. Finally, Accredited Investors Inc. boosted its holdings in AON by 5,694.5% in the third quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock worth $83,883,000 after purchasing an additional 238,258 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on AON. Wells Fargo & Company raised their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. TD Cowen boosted their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Keefe, Bruyette & Woods increased their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Piper Sandler lifted their price target 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, BMO Capital Markets upped their price objective on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, AON presently has an average rating of “Hold” and a consensus target price of $386.21.

AON Stock Performance

NYSE AON opened at $386.81 on Thursday. The company’s fifty day moving average is $365.26 and its two-hundred day moving average is $358.47. The firm has a market capitalization of $83.66 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 2.09 and a beta of 0.93. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33.

AON (NYSE:AON) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating 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 earned $3.89 earnings per share. Equities research analysts forecast that Aon plc will post 17.24 EPS for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $0.675 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.70%. AON’s dividend payout ratio is presently 21.33%.

Insider Activity at AON

In related news, COO Mindy F. Simon sold 650 shares of AON stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

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.