Kayne Anderson Rudnick Investment Management LLC Raises Holdings in Aon plc (NYSE:AON)

Kayne Anderson Rudnick Investment Management LLC increased its stake in Aon plc (NYSE:AON - Free Report) by 60.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,850 shares of the financial services provider's stock after acquiring an additional 1,072 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in AON were worth $1,024,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AON. Endeavor Private Wealth Inc. purchased a new stake in AON in the 4th quarter worth about $29,000. Richardson Financial Services Inc. grew its stake 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 valued at $30,000 after buying an additional 81 shares in the last quarter. Millstone Evans Group LLC bought a new stake in AON during the 4th quarter valued at $32,000. Anchor Investment Management LLC lifted its position in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after acquiring an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in shares of AON in the fourth quarter valued at $39,000. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AON shares. JPMorgan Chase & Co. increased their target price on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Barclays dropped their price objective on AON from $440.00 to $430.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Royal Bank of Canada upped their target price on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and set a $378.00 target price for the company in a research report on Monday. Finally, Redburn Partners set a $445.00 price target on shares of AON in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $392.00.

AON Stock Performance

AON traded up $3.93 during midday trading on Monday, reaching $339.78. The company had a trading volume of 886,365 shares, compared to its average volume of 1,240,069. The company has a market cap of $73.39 billion, a P/E ratio of 26.84, a P/E/G ratio of 2.12 and a beta of 0.82. Aon plc has a 1 year low of $275.07 and a 1 year high of $412.97. The business has a 50-day moving average of $386.53 and a two-hundred day moving average of $375.91. 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 released its quarterly earnings data 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 firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. As a group, equities research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, May 1st. This is a boost from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.88%. AON's payout ratio is currently 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.