Independent Advisor Alliance Purchases 513 Shares of Aon plc (NYSE:AON)

Independent Advisor Alliance increased its position in shares of Aon plc (NYSE:AONFree Report) by 59.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,378 shares of the financial services provider’s stock after purchasing an additional 513 shares during the quarter. Independent Advisor Alliance’s holdings in AON were worth $495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AON. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in AON by 334.9% during the third 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 during the period. Proficio Capital Partners LLC lifted its holdings in shares of AON by 43,000.8% in 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 during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of AON by 15.5% in 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 last quarter. Raymond James Financial Inc. bought a new position in shares of AON in the fourth quarter worth about $86,435,000. Finally, Lord Abbett & CO. LLC bought a new position in shares of AON in the third quarter worth about $79,390,000. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AON shares. 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 note on Friday, January 3rd. Barclays upped their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods upped their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada increased their target price on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $386.21.

Check Out Our Latest Analysis on AON

AON Price Performance

Shares of AON opened at $390.90 on Tuesday. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The business’s fifty day moving average is $382.21 and its 200 day moving average is $369.46. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock has a market cap of $84.43 billion, a P/E ratio of 30.88, a P/E/G ratio of 2.12 and a beta of 0.92.

AON (NYSE:AONGet Free Report) last issued 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 period in the previous year, the company posted $3.89 EPS. Sell-side analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

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

About AON

(Free Report)

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.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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