Aon plc (NYSE:AON) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP increased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 40.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,460 shares of the financial services provider's stock after purchasing an additional 15,424 shares during the quarter. Two Sigma Investments LP's holdings in AON were worth $19,201,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AON. Endeavor Private Wealth Inc. acquired a new position in shares of AON during the fourth quarter worth about $29,000. Richardson Financial Services Inc. boosted its holdings 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 during the period. Millstone Evans Group LLC acquired a new stake in AON in the fourth quarter valued at approximately $32,000. Centricity Wealth Management LLC purchased a new stake in shares of AON during the fourth quarter valued at approximately $39,000. Finally, Kestra Investment Management LLC acquired a new position in shares of AON during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Stock Performance

Shares of AON opened at $355.37 on Friday. The stock has a market capitalization of $76.74 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. The business's fifty day moving average price is $370.16 and its 200 day moving average price is $374.89. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. 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 posted 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). AON had a return on equity of 70.84% and a net margin of 16.91%. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the previous year, the business posted $5.66 earnings per share. The company's quarterly revenue was up 16.2% compared to the same quarter last year. Equities research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.745 dividend. This is an increase from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Thursday, May 1st. AON's payout ratio is presently 25.38%.

Analyst Ratings Changes

AON has been the topic of several analyst reports. Barclays dropped their price target 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. JPMorgan Chase & Co. boosted their price target on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective for the company in a research note on Tuesday, May 13th. Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and cut their target price for the company from $384.00 to $378.00 in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods reduced their target price on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $397.27.

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.

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