GM Advisory Group LLC Has $30.96 Million Stock Position in Aon plc (NYSE:AON)

GM Advisory Group LLC lowered its position in shares of Aon plc (NYSE:AON) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,189 shares of the financial services provider’s stock after selling 5,655 shares during the quarter. AON accounts for 1.7% of GM Advisory Group LLC’s holdings, making the stock its 17th biggest position. GM Advisory Group LLC’s holdings in AON were worth $30,956,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AON. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of AON by 334.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock valued at $363,475,000 after buying an additional 808,990 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings 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 buying an additional 390,017 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of AON by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after buying an additional 343,592 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of AON by 28.3% in the 4th 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 buying an additional 275,525 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of AON by 13.7% in the 4th quarter. Boston Partners now owns 2,035,998 shares of the financial services provider’s stock valued at $731,799,000 after buying an additional 244,706 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Down 0.3 %

Shares of NYSE AON opened at $389.79 on Wednesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. 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 $84.19 billion, a P/E ratio of 30.79, a PEG ratio of 2.12 and a beta of 0.92. The stock’s fifty day moving average is $383.03 and its 200 day moving average is $369.79.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the previous year, the company earned $3.89 EPS. Sell-side analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods raised their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. raised their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Royal Bank of Canada raised their price target on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Piper Sandler raised their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company raised their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $386.21.

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.