Nuveen Asset Management LLC Increases Holdings in Aon plc (NYSE:AON)

Nuveen Asset Management LLC raised its stake in shares of Aon plc (NYSE:AON - Free Report) by 32.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,025,667 shares of the financial services provider's stock after purchasing an additional 248,707 shares during the period. Nuveen Asset Management LLC owned 0.47% of AON worth $368,378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AON. Endeavor Private Wealth Inc. acquired a new position in shares of AON in the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. lifted 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 period. Millstone Evans Group LLC bought a new stake in shares of AON in the 4th quarter valued at $32,000. Centricity Wealth Management LLC acquired a new stake in shares of AON during the fourth quarter worth $39,000. Finally, Kestra Investment Management LLC bought a new position in AON during the fourth quarter worth $39,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Up 1.0%

Shares of AON stock traded up $3.51 on Friday, hitting $362.10. The company had a trading volume of 1,096,937 shares, compared to its average volume of 1,207,441. The stock has a market capitalization of $78.19 billion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 2.12 and a beta of 0.89. 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 plc has a 1 year low of $275.07 and a 1 year high of $412.97. The stock has a 50 day moving average of $372.99 and a 200-day moving average of $375.11.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a net margin of 16.91% and a return on equity of 70.84%. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter last year, the business posted $5.66 earnings per share. AON's revenue was up 16.2% on a year-over-year basis. As a group, sell-side analysts forecast 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. Shareholders of record on Thursday, May 1st were given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.82%. This is an increase from AON's previous quarterly dividend of $0.68. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio is presently 25.38%.

Analyst Ratings Changes

A number of brokerages have weighed in on AON. Redburn Partners set a $445.00 price target on AON in a report on Tuesday, March 25th. The Goldman Sachs Group raised 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. Evercore ISI dropped their price target on AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Jefferies Financial Group raised their price objective on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Finally, Wells Fargo & Company boosted their target price 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $391.75.

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.