Generali Asset Management SPA SGR Takes $754,000 Position in Aon plc (NYSE:AON)

Generali Asset Management SPA SGR bought a new stake in shares of Aon plc (NYSE:AON) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,100 shares of the financial services provider’s stock, valued at approximately $754,000.

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

AON Price Performance

AON stock opened at $393.10 on Friday. Aon plc has a one year low of $268.06 and a one year high of $412.97. The firm has a 50-day moving average of $384.60 and a two-hundred day moving average of $370.09. The firm has a market capitalization of $84.91 billion, a PE ratio of 31.05, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

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 net margin of 16.91% and a return on equity of 70.84%. During the same period last year, the business posted $3.89 earnings per share. On average, analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given 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 0.69%. AON’s payout ratio is presently 21.33%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Piper Sandler raised their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Barclays boosted their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Royal Bank of Canada increased their price objective on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, AON currently has an average rating of “Hold” and an average price target of $386.21.

AON 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.