Dimensional Fund Advisors LP Has $264.67 Million Stock Position in Aon plc (NYSE:AON)

Dimensional Fund Advisors LP grew its stake in Aon plc (NYSE:AON - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 736,916 shares of the financial services provider's stock after purchasing an additional 70,137 shares during the period. Dimensional Fund Advisors LP owned approximately 0.34% of AON worth $264,667,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of AON by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider's stock worth $7,010,714,000 after purchasing an additional 88,361 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of AON by 14.5% in the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock valued at $1,773,165,000 after buying an additional 627,742 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock valued at $921,182,000 after buying an additional 343,592 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of AON by 2.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider's stock valued at $824,498,000 after buying an additional 64,720 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in shares of AON by 4.2% in the fourth quarter. Neuberger Berman Group LLC now owns 2,123,862 shares of the financial services provider's stock valued at $762,796,000 after buying an additional 86,148 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Trading Down 7.8 %

Shares of AON stock traded down $28.60 on Friday, reaching $336.45. The company had a trading volume of 5,317,653 shares, compared to its average volume of 1,240,982. 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 stock has a market cap of $72.67 billion, a PE ratio of 26.58, a PEG ratio of 2.12 and a beta of 0.82. The company has a 50-day moving average of $386.53 and a 200-day moving average of $375.91. Aon plc has a 12 month low of $275.07 and a 12 month high of $412.97.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a net margin of 16.91% and a return on equity of 70.84%. The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. On average, equities analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The firm 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 $0.745 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.89%. AON's payout ratio is currently 25.38%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AON shares. Piper Sandler lifted 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. Barclays cut their price target on AON from $440.00 to $430.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Jefferies Financial Group boosted their price objective on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Redburn Partners set a $445.00 price objective on AON in a report on Tuesday, March 25th. Finally, Evercore ISI raised AON from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $393.87.

AON Company 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.