105,209 Shares in Aon plc (NYSE:AON) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in Aon plc (NYSE:AON) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 105,209 shares of the financial services provider’s stock, valued at approximately $37,787,000. AON accounts for approximately 0.5% of Susquehanna Fundamental Investments LLC’s investment portfolio, making the stock its 15th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Endeavor Private Wealth Inc. bought a new position in shares of AON during the fourth quarter valued at $29,000. Richardson Financial Services Inc. lifted its holdings 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 purchasing an additional 81 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of AON during the fourth quarter worth approximately $32,000. Anchor Investment Management LLC raised its stake in shares of AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in shares of AON in the 4th quarter worth approximately $39,000. Institutional investors own 86.14% of the company’s stock.

AON Trading Down 7.8 %

NYSE AON opened at $336.45 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. The company has a market capitalization of $72.67 billion, a PE ratio of 26.58, a P/E/G ratio of 2.12 and a beta of 0.82. The stock has a 50-day simple moving average of $386.53 and a 200 day simple moving average of $375.64.

AON (NYSE:AON) last announced its quarterly earnings results 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). The firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. Research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, May 1st. This is an increase from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio (DPR) is presently 23.54%.

Analyst Ratings Changes

Several equities analysts have issued reports on AON shares. Barclays cut their price objective on AON from $440.00 to $430.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Piper Sandler upped their target price on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on shares of AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company increased their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, AON currently has a consensus rating of “Hold” and an average price target 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.