Bowie Capital Management LLC Has $97.33 Million Stake in Aon plc (NYSE:AON)

Bowie Capital Management LLC lifted its position in shares of Aon plc (NYSE:AON - Free Report) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 270,992 shares of the financial services provider's stock after buying an additional 7,611 shares during the period. AON comprises about 5.2% of Bowie Capital Management LLC's investment portfolio, making the stock its 10th largest holding. Bowie Capital Management LLC owned 0.13% of AON worth $97,329,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. World Investment Advisors LLC acquired a new position in shares of AON during the 3rd quarter worth about $275,000. B. Riley Wealth Advisors Inc. grew its stake in AON by 24.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 872 shares of the financial services provider's stock valued at $302,000 after purchasing an additional 170 shares in the last quarter. Versant Capital Management Inc increased its position in shares of AON by 47.1% during the 4th quarter. Versant Capital Management Inc now owns 275 shares of the financial services provider's stock worth $99,000 after purchasing an additional 88 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of AON by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 1,347 shares of the financial services provider's stock worth $484,000 after purchasing an additional 467 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of AON by 2.7% in the 4th quarter. Nordea Investment Management AB now owns 15,952 shares of the financial services provider's stock valued at $5,714,000 after buying an additional 413 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Royal Bank of Canada lifted their price target on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods lowered their price target on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Piper Sandler upgraded AON from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. Finally, Redburn Partners set a $445.00 target price on AON in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $390.67.

AON Stock Performance

NYSE AON traded down $3.01 during trading on Friday, reaching $354.10. The company's stock had a trading volume of 747,874 shares, compared to its average volume of 1,222,453. The firm has a 50 day moving average price of $378.52 and a 200 day moving average price of $375.44. Aon plc has a 12 month low of $275.07 and a 12 month high of $412.97. The firm has a market capitalization of $76.46 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. The company's quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the company earned $5.66 EPS. As a group, equities analysts anticipate 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. The ex-dividend date is Thursday, May 1st. This represents a $2.98 annualized dividend and a yield of 0.84%. AON's dividend payout ratio is currently 25.38%.

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.