Aviva PLC Grows Stock Holdings in Aon plc $AON

Aviva PLC boosted its holdings in Aon plc (NYSE:AON) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 333,454 shares of the financial services provider’s stock after buying an additional 6,622 shares during the period. Aviva PLC owned approximately 0.16% of AON worth $117,669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of AON. Burkett Asset Management Ltd purchased a new stake in AON during the 4th quarter worth about $2,950,000. Xponance LLC increased its position in shares of AON by 7.9% during the fourth quarter. Xponance LLC now owns 54,582 shares of the financial services provider’s stock valued at $19,261,000 after buying an additional 4,019 shares during the period. IFM Investors Pty Ltd bought a new stake in shares of AON during the fourth quarter valued at about $13,953,000. SmartHarvest Portfolios LLC bought a new stake in shares of AON during the fourth quarter valued at about $287,000. Finally, Picton Mahoney Asset Management increased its position in shares of AON by 1.0% during the fourth quarter. Picton Mahoney Asset Management now owns 56,124 shares of the financial services provider’s stock valued at $19,805,000 after buying an additional 535 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AON shares. Barclays decreased their price target on AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $398.00 to $397.00 in a report on Friday, February 27th. Piper Sandler upped their price target on shares of AON from $355.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. TD Cowen reaffirmed a “buy” rating on shares of AON in a report on Monday, March 16th. Finally, Morgan Stanley decreased their price target on shares of AON from $380.00 to $370.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Thirteen 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $396.81.

AON Trading Down 0.4%

AON stock opened at $335.08 on Friday. The stock has a market cap of $71.57 billion, a P/E ratio of 18.39, a PEG ratio of 1.77 and a beta of 0.71. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $381.00. The firm’s fifty day moving average price is $322.41 and its 200-day moving average price is $332.66. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95.

AON (NYSE:AON) last announced its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The company had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same period in the previous year, the business earned $5.67 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts forecast that Aon plc will post 19.1 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.0%. This is a boost from AON’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, May 1st. AON’s dividend payout ratio (DPR) is presently 16.36%.

About AON

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.