Charles Schwab Investment Management Inc. Has $444.56 Million Holdings in Aon plc (NYSE:AON)

Charles Schwab Investment Management Inc. grew its holdings in Aon plc (NYSE:AON) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,237,784 shares of the financial services provider’s stock after buying an additional 31,021 shares during the period. Charles Schwab Investment Management Inc. owned 0.57% of AON worth $444,563,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in AON by 19.7% during the third quarter. Farther Finance Advisors LLC now owns 936 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 154 shares during the period. Donaldson Capital Management LLC bought a new stake in shares of AON during the 3rd quarter worth about $263,000. National Pension Service raised its holdings in AON by 6.5% in the 3rd quarter. National Pension Service now owns 394,556 shares of the financial services provider’s stock valued at $136,512,000 after acquiring an additional 23,913 shares during the period. QRG Capital Management Inc. lifted its position in AON by 4.3% during the third quarter. QRG Capital Management Inc. now owns 6,476 shares of the financial services provider’s stock worth $2,241,000 after acquiring an additional 269 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of AON during the third quarter worth approximately $79,000. 86.14% of the stock is currently owned by institutional investors.

AON Stock Down 1.0 %

NYSE AON opened at $405.21 on Wednesday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $412.97. The business has a fifty day moving average price of $374.76 and a two-hundred day moving average price of $365.64. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $87.53 billion, a PE ratio of 32.01, a PEG ratio of 2.12 and a beta of 0.93.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period last year, the firm earned $3.89 EPS. Equities analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio is 21.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AON. Keefe, Bruyette & Woods increased their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Royal Bank of Canada raised their price target on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Wells Fargo & Company boosted their price objective on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Barclays raised their target price on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $386.21.

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.