Aon plc (NYSE:AON) Shares Acquired by Farallon Capital Management LLC

Farallon Capital Management LLC lifted its position in shares of Aon plc (NYSE:AON) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,832,733 shares of the financial services provider’s stock after purchasing an additional 126,733 shares during the period. AON comprises 3.3% of Farallon Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Farallon Capital Management LLC’s holdings in AON were worth $658,244,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of AON by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock worth $444,563,000 after acquiring an additional 31,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of AON by 27.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider’s stock worth $34,676,000 after buying an additional 20,942 shares in the last quarter. Aviva PLC grew its position in shares of AON by 19.0% during the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider’s stock worth $91,859,000 after buying an additional 40,850 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of AON by 5.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock valued at $9,530,000 after acquiring an additional 1,451 shares during the period. Finally, Proficio Capital Partners LLC grew its holdings in 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 purchasing an additional 390,017 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Down 0.7 %

Shares of AON stock opened at $357.27 on Friday. The stock’s 50-day simple moving average is $378.52 and its 200 day simple moving average is $375.44. The stock has a market capitalization of $77.15 billion, a P/E ratio of 28.22, a P/E/G ratio of 2.12 and a beta of 0.89. Aon plc has a 52-week low of $275.07 and a 52-week high of $412.97. 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 quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.04 by ($0.37). AON had a net margin of 16.91% and a return on equity of 70.84%. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the previous year, the firm posted $5.66 earnings per share. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. As a group, research analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.83%. This is a boost from AON’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Thursday, May 1st. AON’s dividend payout ratio is 25.38%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AON. Evercore ISI cut their price objective on shares of AON from $420.00 to $398.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Redburn Atlantic upgraded AON to a “hold” rating in a report on Tuesday, March 25th. 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 research note on Monday, February 3rd. Redburn Partners set a $445.00 price objective on AON in a report on Tuesday, March 25th. Finally, Piper Sandler raised shares of AON from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $384.00 to $378.00 in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, AON presently has a consensus rating of “Hold” and a consensus price target 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.