National Bank of Canada FI Has $91.44 Million Stock Holdings in Aon plc (NYSE:AON)

National Bank of Canada FI increased its position in Aon plc (NYSE:AON) by 909.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 254,581 shares of the financial services provider’s stock after buying an additional 229,366 shares during the quarter. National Bank of Canada FI owned 0.12% of AON worth $91,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in AON. HighPoint Advisor Group LLC raised its stake in shares of AON by 1.5% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,706 shares of the financial services provider’s stock valued at $1,420,000 after acquiring an additional 56 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of AON by 17.8% in the fourth quarter. Franklin Resources Inc. now owns 67,305 shares of the financial services provider’s stock valued at $24,173,000 after buying an additional 10,192 shares during the period. Summit Financial LLC raised its position in shares of AON by 7.2% during the fourth quarter. Summit Financial LLC now owns 655 shares of the financial services provider’s stock worth $235,000 after acquiring an additional 44 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in AON by 8.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 24,955 shares of the financial services provider’s stock valued at $8,963,000 after purchasing an additional 1,986 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of AON by 1.4% in the 4th quarter. California Public Employees Retirement System now owns 854,806 shares of the financial services provider’s stock worth $307,012,000 after purchasing an additional 11,475 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON opened at $398.95 on Wednesday. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a 50 day moving average price of $390.00 and a two-hundred day moving average price of $373.11. The firm has a market capitalization of $86.17 billion, a P/E ratio of 31.51, a P/E/G ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last released its quarterly 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 company posted $3.89 earnings per share. Equities analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AON. Piper Sandler increased their price target on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods boosted their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Wells Fargo & Company lifted their price objective on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada increased 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, AON currently has a consensus rating of “Hold” and an average price target of $386.21.

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.