Voya Investment Management LLC Has $216.84 Million Stock Position in Aon plc (NYSE:AON)

Voya Investment Management LLC lifted its position in Aon plc (NYSE:AON - Free Report) by 69.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 603,736 shares of the financial services provider's stock after acquiring an additional 247,349 shares during the quarter. Voya Investment Management LLC owned approximately 0.28% of AON worth $216,838,000 as of its most recent filing with the SEC.

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

AON Stock Up 1.4 %

Shares of AON stock traded up $4.85 on Tuesday, reaching $348.32. 760,709 shares of the company were exchanged, compared to its average volume of 1,246,047. The company has a market capitalization of $75.24 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 2.12 and a beta of 0.82. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a one year low of $275.07 and a one year high of $412.97. The company has a 50-day moving average of $385.51 and a 200 day moving average of $375.83.

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 for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $4.83 billion. During the same quarter in the prior year, the firm earned $5.66 earnings per share. The firm's revenue for the quarter was up 16.2% on a year-over-year basis. On average, equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.745 per share. The ex-dividend date is Thursday, May 1st. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.86%. AON's payout ratio is presently 25.38%.

Analyst Upgrades and Downgrades

AON has been the subject of a number of research reports. Redburn Atlantic upgraded AON to a "hold" rating in a research report on Tuesday, March 25th. Wells Fargo & Company increased their target price on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods boosted their target price on AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Barclays dropped their price objective on AON from $440.00 to $430.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Royal Bank of Canada upped their price objective on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $392.00.

AON 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.