Premier Fund Managers Ltd Grows Position in Aon plc (NYSE:AON)

Premier Fund Managers Ltd grew its holdings in Aon plc (NYSE:AON) by 480.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,528 shares of the financial services provider’s stock after acquiring an additional 26,098 shares during the period. Premier Fund Managers Ltd’s holdings in AON were worth $11,287,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. acquired a new position in AON in the third quarter valued at $288,000. FMR LLC lifted its position in shares of AON by 38.5% during the 3rd quarter. FMR LLC now owns 628,956 shares of the financial services provider’s stock valued at $217,612,000 after acquiring an additional 174,838 shares during the period. Avestar Capital LLC acquired a new stake in shares of AON during the third quarter valued at $290,000. Townsquare Capital LLC lifted its holdings in shares of AON by 2.2% during the 3rd quarter. Townsquare Capital LLC now owns 13,050 shares of the financial services provider’s stock worth $4,515,000 after acquiring an additional 284 shares during the period. Finally, Glenmede Trust Co. NA raised its holdings in AON by 10.6% in the third quarter. Glenmede Trust Co. NA now owns 33,386 shares of the financial services provider’s stock valued at $11,551,000 after buying an additional 3,205 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $398.67 on Friday. 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 plc has a 52 week low of $268.06 and a 52 week high of $412.97. The business has a 50 day moving average of $388.16 and a two-hundred day moving average of $371.75. The company has a market cap of $86.11 billion, a P/E ratio of 31.49, a PEG ratio of 2.12 and a beta of 0.92.

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

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. AON’s dividend payout ratio is presently 21.33%.

Analysts Set New Price Targets

A number of research firms have weighed in on AON. Keefe, Bruyette & Woods upped their target price on AON from $411.00 to $414.00 and gave the stock 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 lifted their price target for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Royal Bank of Canada upped their price target on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Wells Fargo & Company increased their price objective on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Piper Sandler boosted their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have issued 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 price target of $386.21.

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.