Royal London Asset Management Ltd. Raises Position in Aon plc (NYSE:AON)

Royal London Asset Management Ltd. increased its holdings in Aon plc (NYSE:AON) by 2.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 82,718 shares of the financial services provider’s stock after acquiring an additional 2,162 shares during the quarter. Royal London Asset Management Ltd.’s holdings in AON were worth $29,709,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Xponance Inc. raised its position in shares of AON by 3.1% in the fourth quarter. Xponance Inc. now owns 29,668 shares of the financial services provider’s stock worth $10,656,000 after buying an additional 888 shares in the last quarter. Boston Partners increased its stake in AON by 13.7% in the fourth quarter. Boston Partners now owns 2,035,998 shares of the financial services provider’s stock valued at $731,799,000 after acquiring an additional 244,706 shares during the last quarter. Generali Asset Management SPA SGR bought a new position in AON in the fourth quarter valued at $754,000. Horizon Investments LLC increased its stake in AON by 1.3% in the fourth quarter. Horizon Investments LLC now owns 3,362 shares of the financial services provider’s stock valued at $1,205,000 after acquiring an additional 43 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in AON by 9.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 7,190 shares of the financial services provider’s stock valued at $2,582,000 after acquiring an additional 617 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Down 0.8 %

Shares of NYSE:AON opened at $390.02 on Friday. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The company has a market cap of $84.24 billion, a PE ratio of 30.81, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock’s 50-day moving average is $385.41 and its 200 day moving average is $370.41.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (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 quarter in the prior year, the firm posted $3.89 EPS. Sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company 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 annualized dividend and a yield of 0.69%. AON’s payout ratio is 21.33%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AON. Keefe, Bruyette & Woods increased their target price on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. increased their target price on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Piper Sandler raised 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. Royal Bank of Canada lifted their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price objective on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.