O Shaughnessy Asset Management LLC Has $8.39 Million Position in Aon plc $AON

O Shaughnessy Asset Management LLC lowered its holdings in Aon plc (NYSE:AON) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,779 shares of the financial services provider’s stock after selling 3,132 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in AON were worth $8,391,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in AON by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 20,171,049 shares of the financial services provider’s stock worth $7,117,960,000 after purchasing an additional 191,658 shares in the last quarter. Capital World Investors boosted its stake in AON by 1.5% in the fourth quarter. Capital World Investors now owns 12,252,904 shares of the financial services provider’s stock worth $4,323,850,000 after purchasing an additional 176,207 shares in the last quarter. State Street Corp boosted its stake in AON by 1.2% in the third quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock worth $3,291,048,000 after purchasing an additional 105,154 shares in the last quarter. Geode Capital Management LLC boosted its stake in AON by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 5,141,363 shares of the financial services provider’s stock worth $1,810,726,000 after purchasing an additional 28,066 shares in the last quarter. Finally, Dodge & Cox acquired a new position in AON in the third quarter worth $1,235,437,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 1.7%

NYSE AON opened at $337.09 on Thursday. The stock has a 50-day simple moving average of $322.16 and a 200 day simple moving average of $332.74. The company has a market capitalization of $71.99 billion, a PE ratio of 18.50, a P/E/G ratio of 1.74 and a beta of 0.71. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. Aon plc has a 12 month low of $304.59 and a 12 month high of $381.00.

AON (NYSE:AON) last released its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.67 earnings per share. Research analysts forecast that Aon plc will post 19.1 EPS for the current year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.75. AON’s dividend payout ratio (DPR) is currently 16.36%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of recent analyst reports. Barclays reduced their price objective on AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Citigroup boosted their target price on AON from $412.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Mizuho dropped their target price on AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Piper Sandler boosted their target price on AON from $355.00 to $360.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AON in a research report on Tuesday, April 21st. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $396.81.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.