Hsbc Holdings PLC Acquires 56,314 Shares of Aon plc (NYSE:AON)

Hsbc Holdings PLC boosted its stake in shares of Aon plc (NYSE:AON) by 117.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,083 shares of the financial services provider’s stock after acquiring an additional 56,314 shares during the quarter. Hsbc Holdings PLC’s holdings in AON were worth $37,231,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AON. Endeavor Private Wealth Inc. bought a new position in shares of AON during the 4th quarter valued at approximately $29,000. Richardson Financial Services Inc. increased its position in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 81 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in shares of AON in the fourth quarter valued at $32,000. Anchor Investment Management LLC lifted 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 worth $35,000 after acquiring an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in shares of AON during the 4th quarter worth about $39,000. 86.14% of the stock is owned by institutional investors.

AON Stock Performance

Shares of AON stock opened at $336.45 on Friday. The company’s 50 day moving average is $386.53 and its 200 day moving average is $375.64. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market cap of $72.67 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.12 and a beta of 0.82. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97.

AON (NYSE:AON) last released its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a return on equity of 70.84% and a net margin of 16.91%. The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. On average, sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.745 dividend. This is a boost from AON’s previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, May 1st. AON’s dividend payout ratio (DPR) is currently 23.54%.

Analyst Ratings Changes

AON has been the subject of several analyst reports. Piper Sandler raised their price objective on shares of 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 target on AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Jefferies Financial Group upped their price objective on AON from $396.00 to $416.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Redburn Atlantic raised shares of AON to a “hold” rating in a research note on Tuesday, March 25th. Finally, Redburn Partners set a $445.00 price target on shares of AON in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, AON has a consensus rating of “Hold” and a consensus price target of $393.87.

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.