Zurcher Kantonalbank Zurich Cantonalbank Acquires 20,942 Shares of Aon plc (NYSE:AON)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Aon plc (NYSE:AON) by 27.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 96,548 shares of the financial services provider’s stock after acquiring an additional 20,942 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AON were worth $34,676,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AON. CWA Asset Management Group LLC bought a new position in shares of AON during the 3rd quarter worth approximately $640,000. Assetmark Inc. lifted its holdings in AON by 8.1% during the 3rd quarter. Assetmark Inc. now owns 8,044 shares of the financial services provider’s stock worth $2,783,000 after purchasing an additional 606 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in AON by 62.6% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 6,003 shares of the financial services provider’s stock worth $2,077,000 after purchasing an additional 2,311 shares during the last quarter. Baker Avenue Asset Management LP acquired a new stake in AON during the 3rd quarter worth approximately $203,000. Finally, Ashton Thomas Securities LLC lifted its holdings in AON by 24.0% during the 3rd quarter. Ashton Thomas Securities LLC now owns 5,144 shares of the financial services provider’s stock worth $1,780,000 after purchasing an additional 994 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AON has been the subject of several research reports. Wells Fargo & Company lifted their price target on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Barclays lifted their price target on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Royal Bank of Canada lifted their price target on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Piper Sandler lifted their price objective on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, AON has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Trading Down 1.2 %

Shares of AON stock opened at $398.36 on Tuesday. The firm has a market capitalization of $86.05 billion, a P/E ratio of 31.47, a P/E/G ratio of 2.12 and a beta of 0.92. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock’s fifty day simple moving average is $378.08 and its 200 day simple moving average is $367.46.

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

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. AON’s dividend payout ratio (DPR) 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.