Aon plc (NYSE:AON) Shares Bought by LFL Advisers LLC

LFL Advisers LLC raised its stake in shares of Aon plc (NYSE:AON) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,296 shares of the financial services provider’s stock after purchasing an additional 1,140 shares during the quarter. AON comprises 12.2% of LFL Advisers LLC’s holdings, making the stock its 4th biggest position. LFL Advisers LLC’s holdings in AON were worth $31,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in AON. Charles Schwab Investment Management Inc. lifted its stake in AON by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock valued at $444,563,000 after acquiring an additional 31,021 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in AON by 27.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider’s stock valued at $34,676,000 after purchasing an additional 20,942 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in AON by 5.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock valued at $9,530,000 after purchasing an additional 1,451 shares during the last quarter. Proficio Capital Partners LLC grew its position in AON by 43,000.8% during the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock worth $140,404,000 after purchasing an additional 390,017 shares during the period. Finally, Aviva PLC lifted its holdings in shares of AON by 19.0% in the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider’s stock valued at $91,859,000 after buying an additional 40,850 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AON. Redburn Partners set a $445.00 target price on AON in a report on Tuesday, March 25th. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Wells Fargo & Company upped their price objective on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods raised their target price on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Finally, Piper Sandler upped 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. One equities research 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’s stock. According to data from MarketBeat.com, AON has an average rating of “Hold” and a consensus target price of $393.87.

AON Stock Performance

AON opened at $375.26 on Monday. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The firm has a market capitalization of $81.06 billion, a PE ratio of 29.64, a PEG ratio of 2.12 and a beta of 0.82. 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’s 50-day moving average price is $390.58 and its 200 day moving average price is $374.75.

AON (NYSE:AON) last posted 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 period last year, the firm earned $3.89 earnings per share. As a group, sell-side analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.745 per share. This is a boost from AON’s previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a yield of 0.79%. AON’s dividend payout ratio (DPR) is presently 21.33%.

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.