Aon plc (NYSE:AON) Shares Bought by Farallon Capital Management LLC

Farallon Capital Management LLC increased its holdings in shares of Aon plc (NYSE:AON) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,832,733 shares of the financial services provider’s stock after acquiring an additional 126,733 shares during the period. AON comprises approximately 3.3% of Farallon Capital Management LLC’s holdings, making the stock its 5th largest holding. Farallon Capital Management LLC owned approximately 0.85% of AON worth $658,244,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AON. Vanguard Group Inc. increased its position in AON by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider’s stock worth $7,010,714,000 after purchasing an additional 88,361 shares during the period. Geode Capital Management LLC raised its stake in shares of AON by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock worth $1,773,165,000 after buying an additional 627,742 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after acquiring an additional 343,592 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in AON by 2.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider’s stock worth $824,498,000 after acquiring an additional 64,720 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of AON by 9.3% in the 4th quarter. Northern Trust Corp now owns 2,158,943 shares of the financial services provider’s stock valued at $775,406,000 after purchasing an additional 183,442 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AON has been the subject of a number of recent analyst reports. Redburn Partners set a $445.00 price objective on AON in a report on Tuesday, March 25th. Jefferies Financial Group upped their price objective on shares of AON from $396.00 to $416.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Royal Bank of Canada boosted their price objective on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Barclays decreased their target price on shares of AON from $430.00 to $415.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Finally, Piper Sandler raised AON from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $384.00 to $378.00 in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $390.67.

AON Stock Performance

NYSE AON opened at $357.27 on Friday. 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 company has a market capitalization of $77.15 billion, a P/E ratio of 28.22, a P/E/G ratio of 2.12 and a beta of 0.89. The firm has a 50-day moving average price of $378.52 and a two-hundred day moving average price of $375.44. Aon plc has a 12-month low of $275.07 and a 12-month high of $412.97.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts’ consensus estimates 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. During the same quarter in the previous year, the business posted $5.66 EPS. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. Analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The firm 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 dividend of $0.745 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.83%. This is a boost from AON’s previous quarterly dividend of $0.68. AON’s payout ratio is 25.38%.

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.