MetLife Investment Management LLC Has $20.43 Million Stock Holdings in Aon plc (NYSE:AON)

MetLife Investment Management LLC boosted its stake in Aon plc (NYSE:AON) by 1.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 56,892 shares of the financial services provider’s stock after buying an additional 768 shares during the period. MetLife Investment Management LLC’s holdings in AON were worth $20,433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norinchukin Bank The boosted its position in AON by 6.1% in the fourth quarter. Norinchukin Bank The now owns 9,162 shares of the financial services provider’s stock valued at $3,291,000 after buying an additional 523 shares in the last quarter. Ossiam boosted its stake in AON by 151.0% in the fourth quarter. Ossiam now owns 24,880 shares of the financial services provider’s stock worth $8,936,000 after purchasing an additional 14,966 shares in the last quarter. Capital International Inc. CA raised its holdings in shares of AON by 6.8% in the fourth quarter. Capital International Inc. CA now owns 69,903 shares of the financial services provider’s stock valued at $25,106,000 after buying an additional 4,437 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in AON by 10.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 736,916 shares of the financial services provider’s stock worth $264,667,000 after acquiring an additional 70,137 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of AON by 5,877.4% during the fourth quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider’s stock worth $192,572,000 after purchasing an additional 527,204 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Jefferies Financial Group increased their price objective on AON from $396.00 to $416.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods upped their target price on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Piper Sandler upped their target price on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada upped their price objective on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, AON currently has a consensus rating of “Hold” and a consensus target price of $393.87.

AON Stock Down 1.5 %

AON stock opened at $367.08 on Friday. The stock has a market capitalization of $79.29 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The company has a 50 day moving average of $389.51 and a 200-day moving average of $375.48. 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 (NYSE:AON) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping 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 quarter in the previous year, the company earned $3.89 earnings per share. On average, equities research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.745 dividend. This is a positive change from AON’s previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, May 1st. AON’s payout ratio is presently 23.54%.

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.