Hsbc Holdings PLC Boosts Stock Position in Aon plc (NYSE:AON)

Hsbc Holdings PLC lifted its position in Aon plc (NYSE:AON - Free Report) by 117.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,083 shares of the financial services provider's stock after purchasing an additional 56,314 shares during the quarter. Hsbc Holdings PLC's holdings in AON were worth $37,231,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in AON in the third quarter valued at approximately $1,685,000. Anchor Investment Management LLC raised its position in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after purchasing an additional 93 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in AON by 11.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 10,093 shares of the financial services provider's stock worth $3,492,000 after buying an additional 1,012 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of AON in the third quarter valued at approximately $275,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in AON during the 3rd quarter worth $1,959,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Jefferies Financial Group raised their target price on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $384.00 to $378.00 in a report on Monday. Redburn Partners set a $445.00 price objective on AON in a report on Tuesday, March 25th. JPMorgan Chase & Co. lifted their target price on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Finally, Evercore ISI reduced their price objective on shares of AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $390.67.

AON Trading Down 0.2 %

AON stock traded down $0.83 during midday trading on Thursday, hitting $353.23. The stock had a trading volume of 301,586 shares, compared to its average volume of 1,335,451. Aon plc has a 12-month low of $275.07 and a 12-month high of $412.97. The firm has a market cap of $76.28 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The company's 50-day moving average price is $383.95 and its 200 day moving average price is $375.51. 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 (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 (EPS) for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The business 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 firm's quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the business 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 fiscal year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. This is a boost from AON's previous quarterly dividend of $0.68. The ex-dividend date is Thursday, May 1st. 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.