Aon plc (NYSE:AON) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its stake in Aon plc (NYSE:AON - Free Report) by 4.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,958 shares of the financial services provider's stock after purchasing an additional 3,857 shares during the period. Asset Management One Co. Ltd.'s holdings in AON were worth $34,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of AON during the fourth quarter worth about $596,665,000. Artisan Partners Limited Partnership grew its stake in shares of AON by 86.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock worth $742,582,000 after acquiring an additional 960,204 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of AON by 56,460.0% during the first quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider's stock worth $304,052,000 after acquiring an additional 760,516 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of AON by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock worth $1,773,165,000 after acquiring an additional 627,742 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of AON by 5,877.4% during the fourth quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider's stock worth $192,572,000 after acquiring an additional 527,204 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group boosted their price target on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Redburn Partners set a $445.00 price target on AON in a research note on Tuesday, March 25th. Piper Sandler upgraded AON from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 target price on the stock in a research report on Tuesday, May 13th. Finally, Barclays dropped their target price on AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. One investment 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $397.27.

AON Stock Performance

NYSE:AON traded down $0.58 during trading hours on Thursday, reaching $353.88. The company had a trading volume of 1,056,830 shares, compared to its average volume of 1,148,322. Aon plc has a 1-year low of $285.35 and a 1-year high of $412.97. The firm has a market cap of $76.42 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 2.16 and a beta of 0.86. The business's 50 day moving average price is $358.64 and its 200-day moving average price is $371.01. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.73 and a quick ratio of 1.73.

AON (NYSE:AON - Get Free Report) last announced 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 net margin of 15.58% and a return on equity of 52.71%. The company had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same period in the previous year, the firm posted $5.66 earnings per share. The company's revenue was up 16.2% compared to the same quarter last year. Research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a $0.745 dividend. The ex-dividend date was Thursday, May 1st. 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%. AON's payout ratio is presently 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.