Voya Investment Management LLC Acquires 247,349 Shares of Aon plc (NYSE:AON)

Voya Investment Management LLC increased its position in Aon plc (NYSE:AON) by 69.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 603,736 shares of the financial services provider’s stock after purchasing an additional 247,349 shares during the period. Voya Investment Management LLC’s holdings in AON were worth $216,838,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AON. Virtu Financial LLC bought a new position in AON in the third quarter worth approximately $1,685,000. Anchor Investment Management LLC boosted its holdings in shares of AON by 1,162.5% in the 3rd 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 during the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in AON by 11.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 10,093 shares of the financial services provider’s stock valued at $3,492,000 after acquiring an additional 1,012 shares during the period. World Investment Advisors LLC purchased a new position in shares of AON during the 3rd quarter valued at approximately $275,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in AON in the 3rd quarter valued at $1,959,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AON has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods upped their price target on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Piper Sandler increased their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Evercore ISI raised 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 report on Wednesday, January 8th. Finally, Redburn Partners set a $445.00 price objective on shares of AON in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, AON currently has a consensus rating of “Hold” and a consensus price target of $393.87.

AON Price Performance

NYSE AON opened at $368.83 on Thursday. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The business’s fifty day moving average is $388.09 and its two-hundred day moving average is $375.63. The stock has a market capitalization of $79.67 billion, a P/E ratio of 29.13, a P/E/G ratio of 2.12 and a beta of 0.82. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.

AON (NYSE:AON) last released its quarterly earnings data 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 quarter in the previous year, the business earned $3.89 earnings per share. On average, 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 issued a dividend of $0.745 per share. This is an increase from AON’s previous quarterly dividend of $0.68. The ex-dividend date is Thursday, May 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.81%. AON’s payout ratio is presently 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.