Amundi Purchases 68,143 Shares of Aon plc (NYSE:AON)

Amundi increased its position in shares of Aon plc (NYSE:AON) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 743,665 shares of the financial services provider’s stock after buying an additional 68,143 shares during the quarter. Amundi owned 0.34% of AON worth $262,105,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of AON by 2.6% during 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 buying an additional 31,021 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of AON during the third quarter worth about $336,375,000. Proficio Capital Partners LLC grew its holdings in shares of AON by 43,000.8% during the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock worth $140,404,000 after buying an additional 390,017 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in AON by 5.8% in 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 purchasing an additional 1,451 shares in the last quarter. Finally, State Street Corp grew its stake in AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after purchasing an additional 32,417 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AON shares. Barclays raised their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Royal Bank of Canada raised their price target on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and raised their price target for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. raised their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Finally, Piper Sandler raised their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $386.21.

AON Stock Performance

NYSE:AON opened at $402.94 on Friday. The stock has a 50 day simple moving average of $377.28 and a 200 day simple moving average of $366.85. The stock has a market cap of $87.03 billion, a P/E ratio of 31.83, a PEG ratio of 2.12 and a beta of 0.92. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97. 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 (NYSE:AON) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) 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 in the prior year, the firm posted $3.89 earnings per share. Research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

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