Fisher Asset Management LLC Raises Stake in Aon plc (NYSE:AON)

Fisher Asset Management LLC raised its position in Aon plc (NYSE:AON) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,724 shares of the financial services provider’s stock after acquiring an additional 39 shares during the quarter. Fisher Asset Management LLC’s holdings in AON were worth $502,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AON. Federated Hermes Inc. lifted its position in shares of AON by 1,555.1% during the 3rd quarter. Federated Hermes Inc. now owns 16,700 shares of the financial services provider’s stock worth $5,414,000 after buying an additional 15,691 shares during the last quarter. Operose Advisors LLC purchased a new stake in shares of AON during the 3rd quarter worth approximately $98,000. OMERS ADMINISTRATION Corp lifted its position in shares of AON by 61.5% during the 3rd quarter. OMERS ADMINISTRATION Corp now owns 602,637 shares of the financial services provider’s stock worth $195,387,000 after buying an additional 229,500 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of AON by 7.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 33,031 shares of the financial services provider’s stock worth $10,709,000 after buying an additional 2,379 shares during the last quarter. Finally, Mutual Advisors LLC purchased a new stake in shares of AON during the 3rd quarter worth approximately $577,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AON. Keefe, Bruyette & Woods lifted their target price on shares of AON from $294.00 to $312.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Piper Sandler cut their target price on shares of AON from $326.00 to $312.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $315.00 target price on shares of AON in a report on Tuesday, June 18th. JPMorgan Chase & Co. lifted their target price on shares of AON from $318.00 to $353.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $311.00 price objective on shares of AON in a research note on Tuesday, May 28th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, AON has a consensus rating of “Hold” and an average target price of $321.86.

AON Stock Up 0.3 %

NYSE:AON opened at $297.46 on Monday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $347.37. The stock has a market cap of $64.68 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.96 and a beta of 0.91. The firm’s fifty day simple moving average is $290.97 and its 200-day simple moving average is $303.60.

AON (NYSE:AON) last released its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing the consensus estimate of $5.86 by ($0.20). AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the prior year, the firm earned $5.17 earnings per share. AON’s quarterly revenue was up 5.1% on a year-over-year basis. Equities analysts anticipate that Aon plc will post 15.48 earnings per share for the current year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a $0.675 dividend. The ex-dividend date was Tuesday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.62. This represents a $2.70 annualized dividend and a dividend yield of 0.91%. AON’s payout ratio is currently 21.16%.

Insider Buying and Selling

In other AON news, Director Lester B. Knight acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of $276.61 per share, for a total transaction of $2,766,100.00. Following the transaction, the director now directly owns 139,000 shares of the company’s stock, valued at $38,448,790. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.15% of the company’s stock.

AON Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.