Clark Capital Management Group Inc. Acquires 152,947 Shares of Aon plc (NYSE:AON)

Clark Capital Management Group Inc. boosted its position in shares of Aon plc (NYSE:AON - Free Report) by 3,269.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 157,625 shares of the financial services provider's stock after purchasing an additional 152,947 shares during the period. Clark Capital Management Group Inc. owned 0.07% of AON worth $56,613,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. acquired a new stake in AON during the 4th quarter worth about $29,000. Richardson Financial Services Inc. boosted its holdings in shares of AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after purchasing an additional 81 shares during the period. Millstone Evans Group LLC purchased a new position in AON during the fourth quarter valued at approximately $32,000. Kestra Investment Management LLC purchased a new stake in AON in the 4th quarter worth approximately $39,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of AON during the 4th quarter valued at $39,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on AON. Keefe, Bruyette & Woods cut their price objective on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Redburn Atlantic raised AON to a "hold" rating in a research note on Tuesday, March 25th. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $384.00 to $378.00 in a research report on Monday, April 28th. Evercore ISI reduced their target price on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, 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 research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $391.75.

AON Stock Performance

Shares of AON traded up $2.69 during mid-day trading on Tuesday, hitting $356.26. The company's stock had a trading volume of 618,609 shares, compared to its average volume of 1,212,242. The stock's 50-day moving average is $376.48 and its two-hundred day moving average is $375.52. The firm has a market capitalization of $76.93 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. 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 posted its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (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 analyst estimates of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. The business's revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.66 earnings per share. As a group, sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.745 dividend. 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 25.38%.

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.