Jensen Investment Management Inc. Has $3.17 Million Position in Aon plc (NYSE:AON)

Jensen Investment Management Inc. lifted its position in shares of Aon plc (NYSE:AON) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,830 shares of the financial services provider’s stock after buying an additional 70 shares during the period. Jensen Investment Management Inc.’s holdings in AON were worth $3,171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. GWN Securities Inc. acquired a new position in shares of AON during the fourth quarter worth about $242,000. Gitterman Wealth Management LLC boosted its position in AON by 227.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 2,035 shares of the financial services provider’s stock valued at $731,000 after purchasing an additional 1,413 shares during the last quarter. Choate Investment Advisors boosted its position in AON by 9.8% during the fourth quarter. Choate Investment Advisors now owns 915 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 82 shares during the last quarter. Frank Rimerman Advisors LLC boosted its position in AON by 2.5% during the fourth quarter. Frank Rimerman Advisors LLC now owns 3,259 shares of the financial services provider’s stock valued at $1,171,000 after purchasing an additional 80 shares during the last quarter. Finally, Zevin Asset Management LLC boosted its position in AON by 0.7% during the fourth quarter. Zevin Asset Management LLC now owns 34,612 shares of the financial services provider’s stock valued at $12,431,000 after purchasing an additional 228 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Price Performance

Shares of NYSE AON opened at $399.34 on Monday. The business’s 50 day moving average is $381.36 and its 200-day moving average is $369.13. Aon plc has a 1-year low of $268.06 and a 1-year 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. The firm has a market cap of $86.26 billion, a P/E ratio of 31.54, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last posted its quarterly earnings data 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 return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the firm posted $3.89 EPS. Equities research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. AON’s dividend payout ratio (DPR) is presently 21.33%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and increased their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Piper Sandler upped their price objective on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company upped their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods upped their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. One research 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 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.