QRG Capital Management Inc. Has $2.70 Million Stock Position in Aon plc (NYSE:AON)

QRG Capital Management Inc. grew its holdings in shares of Aon plc (NYSE:AON) by 16.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,528 shares of the financial services provider’s stock after buying an additional 1,052 shares during the period. QRG Capital Management Inc.’s holdings in AON were worth $2,704,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Proficio Capital Partners LLC boosted its stake in AON by 43,000.8% during the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock worth $140,404,000 after acquiring an additional 390,017 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of AON by 196.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 2,416 shares of the financial services provider’s stock valued at $868,000 after purchasing an additional 1,600 shares during the period. Mn Services Vermogensbeheer B.V. grew its stake in shares of AON by 1.9% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 78,700 shares of the financial services provider’s stock valued at $28,266,000 after buying an additional 1,500 shares during the period. New York Life Investment Management LLC raised its stake in AON by 0.3% during the 4th quarter. New York Life Investment Management LLC now owns 28,974 shares of the financial services provider’s stock worth $10,406,000 after buying an additional 98 shares during the period. Finally, Impact Investors Inc bought a new position in AON in the fourth quarter worth approximately $532,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AON shares. Piper Sandler upped their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods upped their price objective on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upped their price target on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Finally, BMO Capital Markets lifted their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $386.21.

AON Price Performance

AON stock opened at $409.15 on Friday. Aon plc has a 12 month low of $268.06 and a 12 month high of $409.99. The business’s 50 day simple moving average is $372.88 and its 200 day simple moving average is $364.35. The company has a market cap of $88.38 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 2.12 and a beta of 0.93. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 in the prior year, the business earned $3.89 earnings per share. Sell-side analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 0.66%. AON’s dividend payout ratio is currently 21.33%.

AON 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.