Investment Management Corp of Ontario Purchases 776 Shares of Aon plc (NYSE:AON)

Investment Management Corp of Ontario raised its position in shares of Aon plc (NYSE:AON) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,272 shares of the financial services provider’s stock after acquiring an additional 776 shares during the quarter. Investment Management Corp of Ontario’s holdings in AON were worth $2,612,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new stake in shares of AON in the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. boosted 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 worth $30,000 after purchasing an additional 81 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of AON in the 4th quarter worth approximately $32,000. Centricity Wealth Management LLC bought a new stake in shares of AON in the 4th quarter worth approximately $39,000. Finally, Kestra Investment Management LLC bought a new stake in shares of AON in the 4th quarter worth approximately $39,000. 86.14% of the stock is owned by institutional investors.

AON Price Performance

Shares of AON opened at $354.10 on Monday. The firm has a market cap of $76.46 billion, a PE ratio of 27.97, a P/E/G ratio of 2.12 and a beta of 0.89. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a fifty day simple moving average of $377.50 and a two-hundred day simple moving average of $375.67. Aon plc has a 1-year low of $275.07 and a 1-year 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 analysts’ consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. AON’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.66 earnings per share. On average, equities 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. Stockholders of record on Thursday, May 1st will be paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. This is a positive change from AON’s previous quarterly dividend of $0.68. The ex-dividend date is Thursday, May 1st. AON’s dividend payout ratio is 25.38%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Jefferies Financial Group boosted their price target on AON from $396.00 to $416.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Royal Bank of Canada boosted their price objective on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Redburn Atlantic upgraded shares of AON to a “hold” rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. boosted their price objective on shares of AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Finally, Evercore ISI decreased their price objective on shares of AON from $420.00 to $398.00 and set an “outperform” rating for the company in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, AON currently has an average rating of “Hold” and an average target price of $390.67.

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.