Nuveen Asset Management LLC Increases Position in Aon plc (NYSE:AON)

Nuveen Asset Management LLC raised its holdings in shares of Aon plc (NYSE:AON) by 32.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,025,667 shares of the financial services provider’s stock after buying an additional 248,707 shares during the period. Nuveen Asset Management LLC owned about 0.47% of AON worth $368,378,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Wedmont Private Capital boosted its stake in shares of AON by 7.7% during the fourth quarter. Wedmont Private Capital now owns 1,867 shares of the financial services provider’s stock valued at $653,000 after purchasing an additional 133 shares during the period. Eastern Bank boosted its position in AON by 373.4% in the 4th quarter. Eastern Bank now owns 587 shares of the financial services provider’s stock valued at $211,000 after buying an additional 463 shares during the period. Marcum Wealth LLC purchased a new stake in AON in the 4th quarter valued at about $204,000. Signal Advisors Wealth LLC boosted its position in AON by 5.5% in the 4th quarter. Signal Advisors Wealth LLC now owns 790 shares of the financial services provider’s stock valued at $284,000 after buying an additional 41 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its position in AON by 12.5% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,394 shares of the financial services provider’s stock valued at $501,000 after buying an additional 155 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AON shares. Redburn Atlantic upgraded AON to a “hold” rating in a report on Tuesday, March 25th. Evercore ISI lowered their target price on AON from $420.00 to $398.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Barclays lowered their price objective on shares of AON from $430.00 to $415.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group raised shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 price objective for the company in a research note on Tuesday. Finally, Jefferies Financial Group upped their price target on shares of AON from $396.00 to $416.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $391.75.

AON Stock Performance

Shares of AON opened at $352.50 on Thursday. The stock has a fifty day moving average price of $374.55 and a 200-day moving average price of $375.22. 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 $275.07 and a 12 month high of $412.97. The firm has a market cap of $76.12 billion, a PE ratio of 27.84, a P/E/G ratio of 2.12 and a beta of 0.89.

AON (NYSE:AON) last announced 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). The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the business earned $5.66 earnings per share. Equities research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.745 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.85%. This is a boost from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio (DPR) is currently 25.38%.

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.