DnB Asset Management AS Raises Stock Holdings in Aon plc (NYSE:AON)

DnB Asset Management AS grew its stake in shares of Aon plc (NYSE:AON) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,274 shares of the financial services provider’s stock after buying an additional 1,493 shares during the period. DnB Asset Management AS’s holdings in AON were worth $12,669,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of AON by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock worth $444,563,000 after purchasing an additional 31,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AON by 27.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider’s stock worth $34,676,000 after buying an additional 20,942 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in AON by 5.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock valued at $9,530,000 after acquiring an additional 1,451 shares during the period. Proficio Capital Partners LLC lifted its position in shares of AON by 43,000.8% in the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after acquiring an additional 390,017 shares in the last quarter. Finally, State Street Corp grew its position in shares of AON by 0.4% during the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after purchasing an additional 32,417 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Stock Down 1.3 %

NYSE AON opened at $394.22 on Friday. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The firm has a market capitalization of $85.15 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a fifty day moving average of $388.72 and a two-hundred day moving average of $372.20.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the prior year, the business posted $3.89 EPS. On average, analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio is currently 21.33%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AON shares. JPMorgan Chase & Co. upped their price target on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods raised their target price on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Redburn Atlantic upgraded shares of AON to a “hold” rating in a research note on Tuesday, March 25th. Wells Fargo & Company raised their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and increased their price target for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.