Aon plc (NYSE:AON) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Aon plc (NYSE:AON - Free Report) by 21.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,273,950 shares of the financial services provider's stock after purchasing an additional 223,413 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.59% of AON worth $457,552,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new position in shares of AON in the 4th quarter valued at $29,000. Richardson Financial Services Inc. increased its position 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 last quarter. Millstone Evans Group LLC bought a new stake in shares of AON in the 4th quarter worth about $32,000. Centricity Wealth Management LLC bought a new stake in shares of AON in the 4th quarter worth about $39,000. Finally, Kestra Investment Management LLC bought a new stake in shares of AON in the 4th quarter worth about $39,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective 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. Royal Bank of Canada boosted their price objective on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. Redburn Atlantic raised shares of AON to a "hold" rating in a research report on Tuesday, March 25th. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price for the company in a research note on Tuesday, May 13th. Finally, Jefferies Financial Group boosted their target price on shares of AON from $396.00 to $416.00 and gave the company a "hold" rating in a research note on Friday, April 11th. One equities research 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 MarketBeat, AON currently has an average rating of "Hold" and an average target price of $397.27.

AON Price Performance

Shares of NYSE:AON traded up $1.83 during trading on Friday, reaching $357.16. The company had a trading volume of 1,087,263 shares, compared to its average volume of 1,200,198. The firm's fifty day moving average is $369.50 and its 200 day moving average is $374.81. The firm has a market capitalization of $77.13 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. Aon plc has a twelve month low of $275.07 and a twelve month high of $412.97. 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 (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 for the quarter, missing analysts' consensus estimates 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 company's revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the company posted $5.66 earnings per share. On average, equities 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. Stockholders of record on Thursday, May 1st were paid a $0.745 dividend. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio is currently 25.38%.

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.