Onefund LLC Takes Position in Aon plc (NYSE:AON)

Onefund LLC acquired a new stake in Aon plc (NYSE:AON) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 574 shares of the financial services provider’s stock, valued at approximately $206,000.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp increased its stake in shares of AON by 0.4% during the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after purchasing an additional 32,417 shares during the period. Geode Capital Management LLC increased its stake in shares of AON by 0.9% during the third quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock worth $1,489,690,000 after purchasing an additional 38,447 shares during the period. Veritas Asset Management LLP increased its stake in shares of AON by 41.6% during the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares during the period. Bank of New York Mellon Corp increased its stake in shares of AON by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock worth $921,182,000 after purchasing an additional 343,592 shares during the period. Finally, Cantillon Capital Management LLC increased its stake in shares of AON by 15.6% during the third quarter. Cantillon Capital Management LLC now owns 1,316,218 shares of the financial services provider’s stock worth $455,398,000 after purchasing an additional 177,956 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AON shares. Piper Sandler increased their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods raised their price objective on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company raised their price objective on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, AON presently has an average rating of “Hold” and a consensus price target of $386.21.

AON Trading Up 1.3 %

NYSE AON opened at $409.15 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 twelve month low of $268.06 and a twelve month high of $409.99. The company has a market cap of $88.38 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. The business’s fifty day moving average is $372.88 and its 200 day moving average is $364.09.

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

AON Announces Dividend

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

AON Company 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.