Aon plc (NYSE:AON) Shares Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. raised its holdings in shares of Aon plc (NYSE:AON) by 203.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,406 shares of the financial services provider’s stock after buying an additional 2,952 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in AON were worth $1,582,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Diamond Hill Capital Management Inc. purchased a new stake in AON during the 3rd quarter valued at about $336,375,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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. Proficio Capital Partners LLC grew its position in shares of AON by 43,000.8% in the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after purchasing an additional 390,017 shares in the last quarter. Bank of New York Mellon Corp lifted its position in 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 worth $921,182,000 after buying an additional 343,592 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in AON during the fourth quarter worth $86,435,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AON shares. Keefe, Bruyette & Woods raised their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Royal Bank of Canada lifted their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Piper Sandler increased their price target on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Finally, Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Trading Up 0.3 %

Shares of NYSE AON opened at $402.94 on Friday. 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 stock has a market capitalization of $87.03 billion, a PE ratio of 31.83, a PEG ratio of 2.12 and a beta of 0.92. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The stock has a fifty day simple moving average of $377.28 and a 200-day simple moving average of $366.64.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 prior year, the company posted $3.89 earnings per share. On average, equities analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.67%. AON’s dividend payout ratio (DPR) is presently 21.33%.

About AON

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.