Plato Investment Management Ltd Acquires 1,340 Shares of Aon plc (NYSE:AON)

Plato Investment Management Ltd increased its holdings in shares of Aon plc (NYSE:AON) by 28.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,126 shares of the financial services provider’s stock after buying an additional 1,340 shares during the period. Plato Investment Management Ltd’s holdings in AON were worth $2,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Valley Wealth Managers Inc. increased its stake in AON by 3.3% in the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 28 shares in the last quarter. Intellectus Partners LLC boosted its holdings in shares of AON by 3.2% in the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after buying an additional 31 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of AON by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock valued at $840,000 after buying an additional 31 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of AON by 5.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock valued at $242,000 after buying an additional 33 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in shares of AON by 0.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock valued at $1,326,000 after buying an additional 33 shares during the period. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AON has been the subject of several research analyst reports. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. BMO Capital Markets upped their price target on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Piper Sandler increased their target price on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods increased their target price on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, Barclays increased 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $386.21.

AON Stock Performance

NYSE AON opened at $408.64 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm’s fifty day moving average price is $373.89 and its two-hundred day moving average price is $365.13. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The firm has a market capitalization of $88.27 billion, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $3.89 EPS. As a group, research analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is presently 21.33%.

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.