Gotham Asset Management LLC Grows Stock Position in Aon plc (NYSE:AON)

Gotham Asset Management LLC increased its holdings in shares of Aon plc (NYSE:AON) by 38.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,779 shares of the financial services provider’s stock after buying an additional 4,939 shares during the quarter. Gotham Asset Management LLC’s holdings in AON were worth $6,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AON. Value Partners Investments Inc. raised its holdings in shares of AON by 1.9% in the 4th quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider’s stock worth $533,000 after purchasing an additional 28 shares during the period. V Square Quantitative Management LLC raised its holdings in shares of AON by 1.3% in the 4th quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 31 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of AON by 5.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 33 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in shares of AON by 0.9% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after purchasing an additional 33 shares during the period. Finally, Moors & Cabot Inc. raised its holdings in shares of AON by 3.0% in the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock worth $406,000 after purchasing an additional 33 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AON has been the topic of a number of research reports. Royal Bank of Canada raised their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Barclays lowered their target price on AON from $430.00 to $415.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Piper Sandler upgraded AON from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $384.00 to $378.00 in a research note on Monday, April 28th. JPMorgan Chase & Co. increased their target price on AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group upgraded AON from a “neutral” rating to a “buy” rating and set a $408.00 target price for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $391.75.

AON Price Performance

Shares of NYSE AON opened at $355.60 on Wednesday. Aon plc has a fifty-two week low of $275.07 and a fifty-two week high of $412.97. The business has a 50 day moving average price of $375.55 and a two-hundred day moving average price of $375.38. 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 firm has a market cap of $76.79 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89.

AON (NYSE:AON) last issued its quarterly earnings data 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). AON had a net margin of 16.91% and a return on equity of 70.84%. The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same quarter last year, the business earned $5.66 EPS. AON’s revenue for the quarter was up 16.2% compared to the same quarter last year. Sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.745 dividend. This is a positive change from AON’s previous quarterly dividend of $0.68. The ex-dividend date is Thursday, May 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. AON’s dividend payout ratio (DPR) is presently 25.38%.

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.