Aon plc (NYSE:AON) Shares Bought by Choate Investment Advisors

Choate Investment Advisors boosted its stake in shares of Aon plc (NYSE:AON) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 915 shares of the financial services provider’s stock after buying an additional 82 shares during the period. Choate Investment Advisors’ holdings in AON were worth $329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Frank Rimerman Advisors LLC boosted its stake in AON by 2.5% during the fourth quarter. Frank Rimerman Advisors LLC now owns 3,259 shares of the financial services provider’s stock worth $1,171,000 after buying an additional 80 shares during the last quarter. Zevin Asset Management LLC raised its position in AON by 0.7% in the fourth quarter. Zevin Asset Management LLC now owns 34,612 shares of the financial services provider’s stock valued at $12,431,000 after purchasing an additional 228 shares during the period. Picton Mahoney Asset Management raised its position in AON by 17.1% in the fourth quarter. Picton Mahoney Asset Management now owns 56,667 shares of the financial services provider’s stock valued at $20,352,000 after purchasing an additional 8,290 shares during the period. Diamond Hill Capital Management Inc. raised its position in AON by 28.3% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,247,736 shares of the financial services provider’s stock valued at $448,137,000 after purchasing an additional 275,525 shares during the period. Finally, LBP AM SA purchased a new stake in AON in the fourth quarter valued at $8,810,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

AON has been the topic of a number of research analyst reports. 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 report on Friday, January 3rd. Royal Bank of Canada boosted their price objective on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Wells Fargo & Company boosted their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, Piper Sandler boosted their price objective on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $386.21.

AON Trading Down 2.0 %

NYSE AON opened at $390.90 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The stock has a market capitalization of $84.43 billion, a PE ratio of 30.88, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The firm has a 50 day moving average of $382.21 and a two-hundred day moving average of $369.46.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the previous year, the firm posted $3.89 earnings per share. As a group, research analysts expect that Aon plc will post 17.21 EPS for the current fiscal 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. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON’s dividend payout ratio is presently 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.