Aon plc (NYSE:AON) Shares Acquired by Borer Denton & Associates Inc.

Borer Denton & Associates Inc. boosted its position in Aon plc (NYSE:AON) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,549 shares of the financial services provider’s stock after acquiring an additional 311 shares during the quarter. AON accounts for 4.2% of Borer Denton & Associates Inc.’s holdings, making the stock its 6th largest holding. Borer Denton & Associates Inc.’s holdings in AON were worth $12,049,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AON. Vanguard Group Inc. boosted its holdings in AON by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider’s stock worth $7,010,714,000 after acquiring an additional 88,361 shares during the last quarter. State Street Corp grew its position in shares of AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after purchasing an additional 32,417 shares in the last quarter. Geode Capital Management LLC boosted its holdings in AON by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock valued at $1,489,690,000 after purchasing an additional 38,447 shares during the period. Bank of New York Mellon Corp grew its position in AON by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock worth $921,182,000 after buying an additional 343,592 shares in the last quarter. Finally, Boston Partners raised its stake in AON by 13.7% in the fourth quarter. Boston Partners now owns 2,035,998 shares of the financial services provider’s stock valued at $731,799,000 after purchasing an additional 244,706 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Trading Up 0.7 %

AON opened at $396.03 on Wednesday. The firm has a market capitalization of $85.54 billion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company’s 50 day simple moving average is $386.85 and its two-hundred day simple moving average is $371.39. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

AON (NYSE:AON) last posted its earnings results 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 return on equity of 70.84% and a net margin of 16.91%. During the same quarter in the previous year, the business earned $3.89 earnings per share. Analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

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

Wall Street Analysts Forecast Growth

AON has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Piper Sandler upped their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their target price on shares of AON from $411.00 to $414.00 and gave the company 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 target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. upped their price objective on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $386.21.

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.