Norinchukin Bank The Buys 523 Shares of Aon plc (NYSE:AON)

Norinchukin Bank The lifted its position in Aon plc (NYSE:AON) by 6.1% during the 4th quarter, Holdings Channel reports. The firm owned 9,162 shares of the financial services provider’s stock after acquiring an additional 523 shares during the period. Norinchukin Bank The’s holdings in AON were worth $3,291,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new position in shares of AON during the fourth quarter valued at about $29,000. Richardson Financial Services Inc. grew its position in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after buying an additional 81 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of AON during the fourth quarter valued at approximately $32,000. Anchor Investment Management LLC raised its holdings in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new position in AON in the 4th quarter worth $39,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AON shares. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Piper Sandler increased their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Redburn Partners set a $445.00 price target on AON in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods increased their price objective on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, Jefferies Financial Group boosted their price objective on shares of AON from $396.00 to $416.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $393.87.

AON Stock Performance

Shares of NYSE AON opened at $367.08 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The firm has a market capitalization of $79.29 billion, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The firm has a 50 day moving average of $389.51 and a 200 day moving average of $375.48.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the previous year, the business posted $3.89 EPS. On average, research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, May 1st. This is an increase from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio is 23.54%.

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.