AQR Capital Management LLC Raises Stock Holdings in Aon plc (NYSE:AON)

AQR Capital Management LLC boosted its holdings in shares of Aon plc (NYSE:AON - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,000 shares of the financial services provider's stock after acquiring an additional 6,764 shares during the quarter. AQR Capital Management LLC's holdings in AON were worth $12,906,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new position in shares of AON in the fourth quarter worth about $29,000. Richardson Financial Services Inc. grew its stake in AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after acquiring an additional 81 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of AON during the fourth quarter worth approximately $32,000. Centricity Wealth Management LLC bought a new stake in shares of AON during the fourth quarter valued at approximately $39,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of AON in the fourth quarter valued at approximately $39,000. Institutional investors own 86.14% of the company's stock.

AON Trading Down 0.1 %

Shares of NYSE:AON opened at $355.74 on Tuesday. 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 firm has a market capitalization of $76.82 billion, a P/E ratio of 28.10, a P/E/G ratio of 2.12 and a beta of 0.89. The business's 50-day moving average is $381.45 and its 200 day moving average is $375.67. Aon plc has a 1 year low of $275.07 and a 1 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 the consensus estimate of $6.04 by ($0.37). The company had revenue of $4.73 billion during the quarter, compared to analysts' expectations of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The business's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the business earned $5.66 earnings per share. On average, research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently announced 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. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. This is an increase from AON's previous quarterly dividend of $0.68. The ex-dividend date is Thursday, May 1st. AON's dividend payout ratio is presently 25.38%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Jefferies Financial Group upped their target price on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and dropped their target price for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Wells Fargo & Company boosted their price target on shares of AON from $410.00 to $445.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Barclays dropped their price objective on shares of AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Finally, Redburn Partners set a $445.00 price objective on shares of AON in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $390.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.