Raiffeisen Bank International AG Makes New $837,000 Investment in Aon plc (NYSE:AON)

Raiffeisen Bank International AG acquired a new position in Aon plc (NYSE:AON - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,339 shares of the financial services provider's stock, valued at approximately $837,000.

A number of other large investors have also recently bought and sold shares of AON. Norges Bank acquired a new position in AON during the fourth quarter valued at $596,665,000. Artisan Partners Limited Partnership raised its position in AON by 86.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock valued at $742,582,000 after acquiring an additional 960,204 shares in the last quarter. Geode Capital Management LLC boosted its position in AON by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock worth $1,773,165,000 after purchasing an additional 627,742 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of AON by 5,877.4% during the 4th quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider's stock valued at $192,572,000 after purchasing an additional 527,204 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in shares of AON by 43,000.8% in the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock valued at $140,404,000 after purchasing an additional 390,017 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AON. Wells Fargo & Company increased their price target on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Evercore ISI cut their price target on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Barclays dropped their target price on shares of AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Finally, Redburn Atlantic raised AON to a "hold" rating in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $391.75.

AON Trading Up 0.8%

Shares of AON traded up $2.79 during midday trading on Monday, reaching $364.71. The company had a trading volume of 1,140,103 shares, compared to its average volume of 1,207,171. 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 plc has a 1-year low of $275.07 and a 1-year high of $412.97. The firm has a 50 day simple moving average of $372.33 and a 200-day simple moving average of $375.17. The stock has a market cap of $78.76 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89.

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

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.745 per share. This is a boost from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.98 annualized dividend and a yield of 0.82%. AON's dividend payout ratio (DPR) is 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.