Aon plc $AON Shares Bought by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. grew its stake in shares of Aon plc (NYSE:AON) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,703 shares of the financial services provider’s stock after acquiring an additional 6,742 shares during the period. AON comprises about 1.3% of Financiere des Professionnels Fonds d investissement inc.’s holdings, making the stock its 15th biggest position. Financiere des Professionnels Fonds d investissement inc.’s holdings in AON were worth $22,480,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of AON. Wealth Watch Advisors INC acquired a new position in shares of AON during the 3rd quarter worth approximately $25,000. Eagle Bay Advisors LLC acquired a new position in shares of AON during the 4th quarter worth approximately $30,000. Strive Asset Management LLC acquired a new position in shares of AON during the 3rd quarter worth approximately $35,000. Measured Wealth Private Client Group LLC acquired a new position in shares of AON during the 3rd quarter worth approximately $37,000. Finally, Salomon & Ludwin LLC raised its position in shares of AON by 39.3% during the 4th quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 33 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Trading Up 1.7%

AON stock opened at $337.09 on Thursday. The company has a market cap of $71.99 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 1.74 and a beta of 0.71. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36. The business has a fifty day simple moving average of $322.16 and a 200-day simple moving average of $332.74. Aon plc has a 52 week low of $304.59 and a 52 week high of $381.00.

AON (NYSE:AON) last released its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.67 EPS. On average, equities research analysts expect that Aon plc will post 19.1 EPS for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.82 per share. This is a positive change from AON’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, May 1st. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. AON’s dividend payout ratio is currently 16.36%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Citigroup lifted their price objective on AON from $412.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Bank of America upgraded AON from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $398.00 to $397.00 in a research report on Friday, February 27th. Piper Sandler lifted their price objective on AON from $355.00 to $360.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Keefe, Bruyette & Woods cut their price objective on AON from $416.00 to $401.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Finally, Wells Fargo & Company cut their price target on AON from $443.00 to $402.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $396.81.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.