Kayne Anderson Rudnick Investment Management LLC Purchases 1,072 Shares of Aon plc (NYSE:AON)

Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Aon plc (NYSE:AON) by 60.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,850 shares of the financial services provider’s stock after purchasing an additional 1,072 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in AON were worth $1,024,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Endeavor Private Wealth Inc. bought a new stake in shares of AON during the 4th quarter valued at about $29,000. Richardson Financial Services Inc. boosted its position in AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 81 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of AON during the 4th quarter worth approximately $32,000. Anchor Investment Management LLC lifted its stake in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the period. Finally, Centricity Wealth Management LLC bought a new stake in shares of AON during the fourth quarter valued at approximately $39,000. 86.14% of the stock is owned by institutional investors.

AON Trading Up 3.5 %

AON stock opened at $368.53 on Wednesday. Aon plc has a one year low of $268.06 and a one year high of $412.97. The business’s fifty day moving average is $388.46 and its 200 day moving average is $375.68. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $79.60 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period last year, the firm earned $3.89 earnings per share. On average, sell-side analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The company also recently declared 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 is an increase from AON’s previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, May 1st. AON’s dividend payout ratio (DPR) is 23.54%.

Wall Street Analysts Forecast Growth

AON has been the subject of several recent research reports. Redburn Partners set a $445.00 price objective on AON in a research report on Tuesday, March 25th. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Jefferies Financial Group upped their price objective on shares of AON from $396.00 to $416.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Piper Sandler boosted their price target on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their price objective on AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, AON has a consensus rating of “Hold” and a consensus target price of $393.87.

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.