TIAA Trust National Association Raises Holdings in Aon plc (NYSE:AON)

TIAA Trust National Association increased its holdings in shares of Aon plc (NYSE:AON) by 7.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,798 shares of the financial services provider’s stock after purchasing an additional 203 shares during the quarter. TIAA Trust National Association’s holdings in AON were worth $1,005,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. acquired a new stake in shares of AON in the fourth quarter valued at about $29,000. Richardson Financial Services Inc. raised its position in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of AON in the 4th quarter valued at approximately $32,000. Anchor Investment Management LLC grew its position in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in shares of AON in the fourth quarter worth $39,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AON has been the subject of several research analyst reports. Royal Bank of Canada boosted 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. Wells Fargo & Company upped their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods boosted 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. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, Piper Sandler increased their target price on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. One 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’s stock. Based on data from MarketBeat, AON currently has an average rating of “Hold” and an average target price of $386.21.

AON Stock Performance

Shares of NYSE AON opened at $398.67 on Friday. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The firm has a market cap of $86.11 billion, a P/E ratio of 31.49, a PEG ratio of 2.12 and a beta of 0.92. The stock has a fifty day moving average price of $388.16 and a two-hundred day moving average price of $371.75. 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 (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (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 quarter last year, the company earned $3.89 EPS. Research analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given 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%.

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.