Johnson Investment Counsel Inc. Acquires 47 Shares of Aon plc (NYSE:AON)

Johnson Investment Counsel Inc. raised its holdings in shares of Aon plc (NYSE:AON) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,410 shares of the financial services provider’s stock after purchasing an additional 47 shares during the period. Johnson Investment Counsel Inc.’s holdings in AON were worth $6,253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Valley Wealth Managers Inc. increased its stake in AON by 3.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock worth $307,000 after buying an additional 28 shares in the last quarter. Intellectus Partners LLC increased its stake in AON by 3.2% in the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock worth $343,000 after buying an additional 31 shares in the last quarter. V Square Quantitative Management LLC increased its stake in AON by 1.3% in the 4th quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after buying an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in AON by 5.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock worth $242,000 after buying an additional 33 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its stake in AON by 0.9% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after buying an additional 33 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Stock Down 1.2 %

Shares of NYSE:AON opened at $398.36 on Tuesday. 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 plc has a 12 month low of $268.06 and a 12 month high of $412.97. The company has a 50-day moving average price of $378.08 and a 200 day moving average price of $367.46. The company has a market cap of $86.05 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last announced its quarterly earnings data 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 in the prior year, the company earned $3.89 earnings per share. As a group, equities research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is currently 21.33%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AON shares. JPMorgan Chase & Co. increased their price target on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods raised their price objective on 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 raised their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Piper Sandler raised their price objective on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. One 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $386.21.

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.