Aon plc (NYSE:AON) Stock Holdings Increased by LTS One Management LP

LTS One Management LP boosted its holdings in Aon plc (NYSE:AON) by 25.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,000 shares of the financial services provider’s stock after purchasing an additional 15,000 shares during the quarter. AON comprises approximately 7.5% of LTS One Management LP’s portfolio, making the stock its 3rd biggest position. LTS One Management LP’s holdings in AON were worth $26,937,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in AON in the 4th quarter valued at about $596,665,000. Artisan Partners Limited Partnership raised its stake in shares of AON by 86.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider’s stock worth $742,582,000 after purchasing an additional 960,204 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of AON by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock worth $1,773,165,000 after purchasing an additional 627,742 shares during the period. Proficio Capital Partners LLC grew its position in AON by 43,000.8% in the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after buying an additional 390,017 shares during the last quarter. Finally, 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 acquiring an additional 343,592 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AON has been the subject of several recent analyst reports. Piper Sandler raised their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada boosted 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. Redburn Atlantic upgraded shares of AON to a “hold” rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. boosted their price objective on shares of AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Finally, Barclays dropped their target price on shares of AON from $440.00 to $430.00 and set an “overweight” rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $393.87.

AON Stock Up 1.7 %

Shares of NYSE:AON opened at $375.26 on Monday. The company has a market capitalization of $81.06 billion, a P/E ratio of 29.64, a P/E/G ratio of 2.12 and a beta of 0.82. The stock’s fifty day simple moving average is $390.58 and its 200-day simple moving average is $374.75. Aon plc has a 52-week low of $268.06 and a 52-week 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.

AON (NYSE:AON) last issued its quarterly earnings results 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 firm posted $3.89 EPS. As a group, equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.745 per share. This is a boost from AON’s previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.79%. AON’s payout ratio is currently 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.