Aon plc (NYSE:AON) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC lifted its holdings in Aon plc (NYSE:AON - Free Report) by 176.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,351 shares of the financial services provider's stock after buying an additional 20,631 shares during the period. Tidal Investments LLC's holdings in AON were worth $11,619,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Endeavor Private Wealth Inc. bought a new stake in shares of AON in the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. raised its holdings in shares of 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 purchasing an additional 81 shares during the period. Millstone Evans Group LLC bought a new stake in shares of AON in the 4th quarter worth approximately $32,000. Centricity Wealth Management LLC bought a new stake in shares of AON in the 4th quarter worth approximately $39,000. Finally, Kestra Investment Management LLC bought a new stake in shares of AON in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Trading Up 0.5%

NYSE:AON traded up $1.83 during mid-day trading on Friday, hitting $357.16. 1,087,263 shares of the stock traded hands, compared to its average volume of 1,200,198. The stock has a market capitalization of $77.13 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 2.12 and a beta of 0.89. Aon plc has a 52 week low of $275.07 and a 52 week high of $412.97. The firm's 50 day moving average is $369.50 and its two-hundred day moving average is $374.81. The company has a quick ratio of 1.40, a current 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 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). The firm had revenue of $4.73 billion for 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 for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.66 earnings per share. On average, equities research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, May 1st. This is a boost from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio is presently 25.38%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AON shares. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price on the stock in a report on Tuesday, May 13th. JPMorgan Chase & Co. boosted their price target on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $384.00 to $378.00 in a research 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 research report on Monday, February 3rd. Finally, Royal Bank of Canada increased their target price on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $397.27.

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.