Nomura Asset Management Co. Ltd. Boosts Holdings in Aon plc (NYSE:AON)

Nomura Asset Management Co. Ltd. raised its holdings in Aon plc (NYSE:AON) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,593 shares of the financial services provider’s stock after purchasing an additional 3,852 shares during the period. Nomura Asset Management Co. Ltd. owned 0.08% of AON worth $60,911,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in AON during the 4th quarter worth approximately $596,665,000. Artisan Partners Limited Partnership grew its position in AON by 86.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider’s stock worth $742,582,000 after buying an additional 960,204 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AON by 334.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock valued at $363,475,000 after acquiring an additional 808,990 shares in the last quarter. Proficio Capital Partners LLC lifted its position in AON by 43,000.8% during the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after purchasing an additional 390,017 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of AON by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock worth $921,182,000 after buying an additional 343,592 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AON. Keefe, Bruyette & Woods raised their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Piper Sandler lifted their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Redburn Atlantic raised shares of AON to a “hold” rating in a research note on Tuesday. Royal Bank of Canada lifted their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Finally, Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Price Performance

AON opened at $394.22 on Friday. The stock’s 50 day moving average price is $388.72 and its 200-day moving average price is $372.06. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The stock has a market capitalization of $85.15 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. 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 announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating 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 quarter last year, the business posted $3.89 EPS. On average, equities research analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. AON’s dividend payout ratio (DPR) is 21.33%.

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.