Horizon Investments LLC Has $1.21 Million Stock Holdings in Aon plc (NYSE:AON)

Horizon Investments LLC increased its stake in shares of Aon plc (NYSE:AON) by 1.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,362 shares of the financial services provider’s stock after acquiring an additional 43 shares during the period. Horizon Investments LLC’s holdings in AON were worth $1,205,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of AON by 334.9% during 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 worth $363,475,000 after purchasing an additional 808,990 shares in the last quarter. Proficio Capital Partners LLC raised its position 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. Bank of New York Mellon Corp grew its position 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 acquiring an additional 343,592 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of AON by 28.3% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,247,736 shares of the financial services provider’s stock worth $448,137,000 after purchasing an additional 275,525 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of AON in the 4th quarter valued at about $86,435,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Up 0.2 %

NYSE AON opened at $390.70 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a market cap of $84.39 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.12 and a beta of 0.92. The company has a 50 day moving average of $383.79 and a 200-day moving average of $369.93. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating 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 quarter in the prior year, the business posted $3.89 earnings per share. On average, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio is currently 21.33%.

Analysts Set New Price Targets

AON has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price target on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Wells Fargo & Company lifted their price objective on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Piper Sandler increased their price objective on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. 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 data from MarketBeat, AON 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.