Night Owl Capital Management LLC Purchases 6,900 Shares of Aon plc (NYSE:AON)

Night Owl Capital Management LLC raised its position in Aon plc (NYSE:AON - Free Report) by 4.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 152,650 shares of the financial services provider's stock after purchasing an additional 6,900 shares during the period. AON comprises approximately 7.1% of Night Owl Capital Management LLC's portfolio, making the stock its 5th biggest holding. Night Owl Capital Management LLC owned 0.07% of AON worth $54,826,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. NorthRock Partners LLC grew its holdings in AON by 274.7% in the fourth quarter. NorthRock Partners LLC now owns 3,646 shares of the financial services provider's stock valued at $1,310,000 after purchasing an additional 2,673 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in AON by 32.0% in the fourth quarter. Nuveen Asset Management LLC now owns 1,025,667 shares of the financial services provider's stock valued at $368,378,000 after purchasing an additional 248,707 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in AON by 0.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,212 shares of the financial services provider's stock valued at $7,619,000 after purchasing an additional 122 shares during the last quarter. Moore Capital Management LP grew its holdings in AON by 25.0% in the fourth quarter. Moore Capital Management LP now owns 187,376 shares of the financial services provider's stock valued at $67,298,000 after purchasing an additional 37,475 shares during the last quarter. Finally, Investment Management Corp of Ontario grew its holdings in AON by 11.9% in the fourth quarter. Investment Management Corp of Ontario now owns 7,272 shares of the financial services provider's stock valued at $2,612,000 after purchasing an additional 776 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on AON. Redburn Atlantic raised AON to a "hold" rating in a report on Tuesday, March 25th. Wells Fargo & Company increased their price objective on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Redburn Partners set a $445.00 price objective on AON in a research note on Tuesday, March 25th. Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and decreased their price objective for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods decreased their price objective on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $391.75.

AON Trading Up 1.0%

AON traded up $3.51 during midday trading on Friday, hitting $362.10. The company's stock had a trading volume of 1,096,937 shares, compared to its average volume of 1,208,604. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market cap of $78.19 billion, a P/E ratio of 28.60, a PEG ratio of 2.12 and a beta of 0.89. The firm has a 50-day moving average price of $372.99 and a two-hundred day moving average price of $375.07. Aon plc has a 52-week low of $275.07 and a 52-week high of $412.97.

AON (NYSE:AON - Get Free Report) last posted 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 business had revenue of $4.73 billion during the quarter, compared to analysts' expectations of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The firm's quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the firm earned $5.66 EPS. On average, research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Thursday, May 1st. AON's payout ratio is currently 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.