Aon plc (NYSE:AON) Shares Purchased by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Aon plc (NYSE:AON) by 23.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,488,054 shares of the financial services provider’s stock after buying an additional 286,147 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.69% of AON worth $534,449,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AON. Vanguard Group Inc. grew its holdings in shares of AON by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider’s stock valued at $7,010,714,000 after purchasing an additional 88,361 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of AON by 14.5% in the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock worth $1,773,165,000 after acquiring an additional 627,742 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of 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 acquiring an additional 343,592 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of AON by 2.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider’s stock valued at $824,498,000 after acquiring an additional 64,720 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in AON by 9.3% in the fourth quarter. Northern Trust Corp now owns 2,158,943 shares of the financial services provider’s stock valued at $775,406,000 after purchasing an additional 183,442 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Up 0.5 %

AON stock opened at $359.56 on Thursday. The company has a market cap of $77.64 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. The company has a fifty day moving average price of $379.55 and a 200 day moving average price of $375.44. 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 plc has a 12 month low of $275.07 and a 12 month high of $412.97.

AON (NYSE:AON) last announced its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. AON’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the company posted $5.66 EPS. Sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.745 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.83%. This is a positive change from AON’s previous quarterly dividend of $0.68. AON’s payout ratio is presently 25.38%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their price objective on AON from $414.00 to $409.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Jefferies Financial Group boosted their price target on shares of AON from $396.00 to $416.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Royal Bank of Canada raised their price objective on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Redburn Atlantic raised AON to a “hold” rating in a report on Tuesday, March 25th. Finally, Redburn Partners set a $445.00 price target on AON in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $390.67.

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.