Generali Asset Management SPA SGR Takes $754,000 Position in Aon plc (NYSE:AON)

Generali Asset Management SPA SGR acquired a new stake in shares of Aon plc (NYSE:AON) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,100 shares of the financial services provider’s stock, valued at approximately $754,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of AON by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock valued at $444,563,000 after purchasing an additional 31,021 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AON by 27.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider’s stock worth $34,676,000 after buying an additional 20,942 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of AON by 5.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock valued at $9,530,000 after acquiring an additional 1,451 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of AON by 43,000.8% in the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after acquiring an additional 390,017 shares in the last quarter. Finally, State Street Corp lifted its holdings in AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after purchasing an additional 32,417 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AON shares. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Barclays boosted their target price on shares of 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 raised their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Piper Sandler increased their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada lifted their price target on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, AON has a consensus rating of “Hold” and an average price target of $386.21.

AON Trading Up 0.7 %

Shares of AON stock opened at $393.10 on Friday. The company’s fifty day moving average price is $384.60 and its two-hundred day moving average price is $370.09. The firm has a market capitalization of $84.91 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (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 period last year, the firm earned $3.89 earnings per share. On average, analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio (DPR) is 21.33%.

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.