Los Angeles Capital Management LLC Has $2.72 Million Holdings in Aon plc (NYSE:AON)

Los Angeles Capital Management LLC raised its holdings in Aon plc (NYSE:AON) by 30.2% in the 4th quarter, HoldingsChannel reports. The firm owned 7,558 shares of the financial services provider’s stock after purchasing an additional 1,754 shares during the quarter. Los Angeles Capital Management LLC’s holdings in AON were worth $2,715,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. AMF Tjanstepension AB acquired a new position in AON during the 3rd quarter worth about $20,856,000. abrdn plc lifted its position in shares of AON by 4.1% during the third quarter. abrdn plc now owns 80,825 shares of the financial services provider’s stock worth $27,891,000 after purchasing an additional 3,187 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of AON by 23.7% during the third quarter. First Trust Direct Indexing L.P. now owns 6,196 shares of the financial services provider’s stock valued at $2,144,000 after purchasing an additional 1,189 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of AON by 71.2% in the third quarter. Pinnacle Associates Ltd. now owns 1,390 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 578 shares in the last quarter. Finally, Fiducient Advisors LLC lifted its holdings in AON by 0.5% during the 3rd quarter. Fiducient Advisors LLC now owns 374,391 shares of the financial services provider’s stock worth $129,536,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AON. JPMorgan Chase & Co. lifted their target price on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Barclays lifted their price objective on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods upped their target price on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company lifted their price target on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, BMO Capital Markets increased their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $386.21.

AON Price Performance

AON opened at $403.61 on Friday. The stock has a market cap of $87.18 billion, a P/E ratio of 31.88, a P/E/G ratio of 2.12 and a beta of 0.93. Aon plc has a 12 month low of $268.06 and a 12 month high of $408.26. 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 fifty day simple moving average of $371.87 and a 200 day simple moving average of $363.54.

AON (NYSE:AON) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the company earned $3.89 EPS. On average, research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio is 21.33%.

About AON

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.