Alyeska Investment Group L.P. Has $59.53 Million Stake in Aon plc (NYSE:AON)

Alyeska Investment Group L.P. raised its position in shares of Aon plc (NYSE:AON - Free Report) by 5,307.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,734 shares of the financial services provider's stock after buying an additional 162,669 shares during the quarter. Alyeska Investment Group L.P. owned about 0.08% of AON worth $59,525,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Endeavor Private Wealth Inc. purchased a new position in shares of AON during the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. boosted its position in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 81 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in AON in the fourth quarter valued at approximately $32,000. Anchor Investment Management LLC raised its stake in AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after buying an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in AON in the 4th quarter worth approximately $39,000. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AON. Royal Bank of Canada increased their price target on shares of AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Piper Sandler upgraded AON from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $384.00 to $378.00 in a research report on Monday, April 28th. Wells Fargo & Company upped their price objective on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Jefferies Financial Group increased their target price on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. boosted their target price on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $390.67.

AON Trading Up 0.7 %

AON stock traded up $2.62 during midday trading on Tuesday, hitting $358.11. 1,893,736 shares of the company's stock were exchanged, compared to its average volume of 1,228,904. 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 company has a market cap of $77.33 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. The stock's fifty day moving average price is $380.54 and its 200-day moving average price is $375.55. Aon plc has a one year low of $275.07 and a one year high of $412.97.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The business's revenue was up 16.2% on a year-over-year basis. During the same period last year, the business earned $5.66 EPS. Research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.745 per share. The ex-dividend date 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 0.83%. AON's payout ratio is 25.38%.

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.