Aon plc (NYSE:AON) Position Boosted by Franklin Resources Inc.

Franklin Resources Inc. lifted its stake in Aon plc (NYSE:AON) by 17.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,305 shares of the financial services provider’s stock after purchasing an additional 10,192 shares during the quarter. Franklin Resources Inc.’s holdings in AON were worth $24,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Summit Financial LLC boosted its stake in shares of AON by 7.2% during the 4th quarter. Summit Financial LLC now owns 655 shares of the financial services provider’s stock valued at $235,000 after buying an additional 44 shares during the period. O Shaughnessy Asset Management LLC grew its stake in AON by 8.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 24,955 shares of the financial services provider’s stock valued at $8,963,000 after purchasing an additional 1,986 shares in the last quarter. California Public Employees Retirement System increased its position in AON by 1.4% in the 4th quarter. California Public Employees Retirement System now owns 854,806 shares of the financial services provider’s stock worth $307,012,000 after purchasing an additional 11,475 shares during the last quarter. RWA Wealth Partners LLC purchased a new stake in shares of AON during the 4th quarter worth about $250,000. Finally, Schroder Investment Management Group grew its stake in shares of AON by 17.5% in the 4th quarter. Schroder Investment Management Group now owns 104,179 shares of the financial services provider’s stock valued at $37,293,000 after buying an additional 15,495 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AON has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price objective 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. Wells Fargo & Company upped their price objective on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Redburn Atlantic upgraded AON to a “hold” rating in a report on Tuesday, March 25th. Finally, Piper Sandler upped their price target on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Trading Down 4.7 %

Shares of AON stock opened at $375.94 on Monday. The company has a market cap of $81.20 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 2.12 and a beta of 0.82. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The company’s fifty day simple moving average is $391.32 and its 200-day simple moving average is $373.94. 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 announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating analysts’ consensus estimates 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 earnings per share. As a group, sell-side analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The company also recently disclosed 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. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio is presently 21.33%.

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.