NEOS Investment Management LLC Boosts Holdings in Aon plc (NYSE:AON)

NEOS Investment Management LLC raised its holdings in Aon plc (NYSE:AON) by 34.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,290 shares of the financial services provider’s stock after purchasing an additional 3,153 shares during the period. NEOS Investment Management LLC’s holdings in AON were worth $4,414,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Great Valley Advisor Group Inc. acquired a new position in shares of AON in the third quarter worth $288,000. FMR LLC raised its stake in AON by 38.5% in the 3rd quarter. FMR LLC now owns 628,956 shares of the financial services provider’s stock valued at $217,612,000 after purchasing an additional 174,838 shares during the last quarter. Avestar Capital LLC purchased a new position in AON in the 3rd quarter valued at about $290,000. Townsquare Capital LLC grew its holdings in shares of AON by 2.2% during the third quarter. Townsquare Capital LLC now owns 13,050 shares of the financial services provider’s stock worth $4,515,000 after buying an additional 284 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its position in shares of 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 last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AON has been the subject of several recent analyst reports. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price objective on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Piper Sandler raised 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. Keefe, Bruyette & Woods upped 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. Finally, Royal Bank of Canada raised their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AON currently has an average rating of “Hold” and an average target price of $386.21.

AON Stock Up 0.5 %

Shares of AON stock opened at $398.67 on Friday. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The stock has a market cap of $86.11 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a fifty day moving average price of $388.16 and a 200 day moving average price of $371.75.

AON (NYSE:AON) last posted 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 earned $3.89 earnings per share. Equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

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