Schroder Investment Management Group Purchases 12,368 Shares of Aon plc (NYSE:AON)

Schroder Investment Management Group boosted its holdings in Aon plc (NYSE:AONFree Report) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 226,879 shares of the financial services provider’s stock after acquiring an additional 12,368 shares during the quarter. Schroder Investment Management Group’s holdings in AON were worth $66,026,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AON. Integrated Advisors Network LLC lifted its stake in shares of AON by 5.1% in the 3rd quarter. Integrated Advisors Network LLC now owns 665 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 32 shares during the last quarter. Valley Wealth Managers Inc. grew its holdings in AON by 4.9% in the third quarter. Valley Wealth Managers Inc. now owns 777 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 36 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in AON by 2.2% in the third quarter. Atria Wealth Solutions Inc. now owns 1,727 shares of the financial services provider’s stock worth $560,000 after acquiring an additional 37 shares in the last quarter. Signaturefd LLC increased its stake in AON by 1.8% during the 4th quarter. Signaturefd LLC now owns 2,149 shares of the financial services provider’s stock valued at $625,000 after purchasing an additional 38 shares in the last quarter. Finally, JFS Wealth Advisors LLC increased its position in shares of AON by 3.1% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,246 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Trading Down 0.9 %

AON traded down $2.59 on Friday, hitting $283.12. 889,312 shares of the company’s stock traded hands, compared to its average volume of 1,411,956. The company’s 50 day simple moving average is $295.68 and its 200-day simple moving average is $306.01. Aon plc has a one year low of $268.06 and a one year high of $347.37. The firm has a market cap of $61.56 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.89 and a beta of 0.91.

AON (NYSE:AONGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.14 billion. AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. AON’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $5.17 earnings per share. As a group, equities analysts anticipate that Aon plc will post 15.48 EPS for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.95%. The ex-dividend date was Tuesday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio is presently 21.16%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AON shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $311.00 price target on shares of AON in a research note on Tuesday, May 28th. Morgan Stanley increased their price target on AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. upped their price objective on AON from $318.00 to $353.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods raised their target price on AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. Finally, Piper Sandler lowered their price objective on shares of AON from $326.00 to $312.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, AON currently has a consensus rating of “Hold” and a consensus target price of $321.86.

Read Our Latest Report on AON

Insider Transactions at AON

In other news, Director Lester B. Knight purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average cost of $276.61 per share, for a total transaction of $2,766,100.00. Following the acquisition, the director now owns 139,000 shares of the company’s stock, valued at approximately $38,448,790. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.15% of the company’s stock.

AON Company Profile

(Free Report)

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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