New York Life Investment Management LLC Grows Stock Position in Aon plc $AON

New York Life Investment Management LLC increased its holdings in shares of Aon plc (NYSE:AON) by 1.5% during the second quarter, HoldingsChannel reports. The fund owned 29,337 shares of the financial services provider’s stock after buying an additional 444 shares during the period. New York Life Investment Management LLC’s holdings in AON were worth $10,466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Howard Capital Management Inc. grew its holdings in AON by 12.5% during the second quarter. Howard Capital Management Inc. now owns 1,214 shares of the financial services provider’s stock worth $433,000 after acquiring an additional 135 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in AON by 15.5% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 73,085 shares of the financial services provider’s stock worth $26,074,000 after acquiring an additional 9,800 shares during the period. Rossby Financial LCC grew its holdings in AON by 9.1% during the second quarter. Rossby Financial LCC now owns 406 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 34 shares during the period. Teacher Retirement System of Texas grew its holdings in AON by 30.5% during the second quarter. Teacher Retirement System of Texas now owns 95,512 shares of the financial services provider’s stock worth $34,075,000 after acquiring an additional 22,295 shares during the period. Finally, Bessemer Group Inc. grew its holdings in AON by 9.6% during the second quarter. Bessemer Group Inc. now owns 11,258 shares of the financial services provider’s stock worth $4,016,000 after acquiring an additional 985 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Down 2.0%

Shares of NYSE:AON opened at $330.16 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The stock’s fifty day simple moving average is $359.26 and its 200-day simple moving average is $359.58. The company has a market capitalization of $71.19 billion, a P/E ratio of 27.65, a P/E/G ratio of 1.98 and a beta of 0.89.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, November 3rd. AON’s dividend payout ratio is currently 24.96%.

Wall Street Analyst Weigh In

Several analysts have weighed in on AON shares. JPMorgan Chase & Co. lowered their target price on AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Citigroup started coverage on AON in a report on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 target price on the stock. Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $385.00 to $430.00 in a report on Thursday, September 11th. Evercore ISI upped their target price on AON from $421.00 to $427.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Finally, Piper Sandler upped their target price on AON from $393.00 to $413.00 and gave the company an “overweight” rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $420.00.

AON Company 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.