USS Investment Management Ltd grew its holdings in shares of Aon plc (NYSE:AON – Free Report) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 681,743 shares of the financial services provider’s stock after purchasing an additional 40,969 shares during the quarter. AON makes up approximately 1.2% of USS Investment Management Ltd’s holdings, making the stock its 15th biggest position. USS Investment Management Ltd’s holdings in AON were worth $240,591,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in AON by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 20,171,049 shares of the financial services provider’s stock worth $7,117,960,000 after acquiring an additional 191,658 shares in the last quarter. Capital World Investors increased its holdings in AON by 1.5% in the 4th quarter. Capital World Investors now owns 12,252,904 shares of the financial services provider’s stock worth $4,323,850,000 after acquiring an additional 176,207 shares in the last quarter. State Street Corp increased its holdings in AON by 1.2% in the 3rd quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock worth $3,291,048,000 after acquiring an additional 105,154 shares in the last quarter. Dodge & Cox increased its holdings in AON by 126.6% in the 4th quarter. Dodge & Cox now owns 7,852,456 shares of the financial services provider’s stock worth $2,770,975,000 after acquiring an additional 4,387,773 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in AON by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 5,141,363 shares of the financial services provider’s stock worth $1,810,726,000 after acquiring an additional 28,066 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.
AON Trading Up 0.1%
AON stock opened at $335.51 on Monday. Aon plc has a 1-year low of $304.59 and a 1-year high of $381.00. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market capitalization of $71.66 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.76 and a beta of 0.71. The business has a 50 day simple moving average of $322.69 and a two-hundred day simple moving average of $332.60.
AON Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.75. AON’s dividend payout ratio is currently 16.36%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Piper Sandler increased their target price on shares of AON from $355.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Barclays reduced their target price on shares of AON from $381.00 to $372.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Weiss Ratings reissued a “hold (c)” rating on shares of AON in a report on Tuesday, April 21st. JPMorgan Chase & Co. reduced their target price on shares of AON from $406.00 to $396.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, Mizuho reduced their target price on shares of AON from $394.00 to $389.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, AON presently has an average rating of “Moderate Buy” and an average price target of $396.81.
Get Our Latest Research Report on AON
AON Profile
Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.
In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.
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