Aon plc (NYSE:AON) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its stake in Aon plc (NYSE:AON) by 9.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,158,943 shares of the financial services provider’s stock after purchasing an additional 183,442 shares during the period. Northern Trust Corp owned 1.00% of AON worth $775,406,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Value Partners Investments Inc. lifted its position in AON by 1.9% during the 4th quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 28 shares during the period. V Square Quantitative Management LLC lifted its position in AON by 1.3% during the 4th quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after acquiring an additional 31 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in AON by 5.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 33 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in AON by 0.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after acquiring an additional 33 shares during the period. Finally, Moors & Cabot Inc. lifted its position in AON by 3.0% during the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

NYSE:AON opened at $343.63 on Tuesday. Aon plc has a 12 month low of $275.07 and a 12 month high of $412.97. The stock has a 50 day moving average of $385.51 and a two-hundred day moving average of $375.83. 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 firm has a market cap of $74.22 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON) last posted its quarterly earnings data 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 firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.83 billion. During the same quarter last year, the firm posted $5.66 earnings per share. AON’s quarterly revenue was up 16.2% on a year-over-year basis. On average, analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.745 per share. This is a positive change from AON’s previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 1st. AON’s payout ratio is 25.38%.

Analyst Ratings Changes

AON has been the subject of several analyst reports. Evercore ISI decreased their price objective on AON from $420.00 to $398.00 and set an “outperform” rating for the company in a report on Monday. Redburn Partners set a $445.00 price objective on AON in a report on Tuesday, March 25th. Redburn Atlantic raised AON to a “hold” rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. boosted their price objective on AON from $394.00 to $409.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Finally, Piper Sandler raised AON from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $384.00 to $378.00 in a report on Monday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $392.00.

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.