OMERS ADMINISTRATION Corp Increases Position in Aon plc (NYSE:AON)

OMERS ADMINISTRATION Corp raised its holdings in shares of Aon plc (NYSE:AON) by 0.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 602,606 shares of the financial services provider’s stock after buying an additional 1,403 shares during the period. AON comprises 1.9% of OMERS ADMINISTRATION Corp’s portfolio, making the stock its 14th largest holding. OMERS ADMINISTRATION Corp’s holdings in AON were worth $216,432,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Value Partners Investments Inc. raised its holdings in AON by 1.9% in the fourth quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 28 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of AON by 1.3% in the 4th quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 31 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of AON by 5.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 33 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in AON by 0.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after purchasing an additional 33 shares in the last quarter. Finally, Moors & Cabot Inc. raised its stake in AON by 3.0% during the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock valued at $406,000 after buying an additional 33 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price target on AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Piper Sandler raised shares of AON from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Royal Bank of Canada lifted their price target on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Barclays cut their target price on shares of AON from $430.00 to $415.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Finally, Evercore ISI lowered their target price on AON from $420.00 to $398.00 and set an “outperform” rating for the company in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $390.67.

AON Stock Performance

AON opened at $353.52 on Tuesday. The business has a 50 day moving average price of $376.48 and a two-hundred day moving average price of $375.52. 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 company has a market capitalization of $76.34 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. Aon plc has a 1-year low of $275.07 and a 1-year high of $412.97.

AON (NYSE:AON) last announced its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a net margin of 16.91% and a return on equity of 70.84%. The firm had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same period in the prior year, the business earned $5.66 EPS. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. Research analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued 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 0.84%. The ex-dividend date of this dividend is Thursday, May 1st. AON’s payout ratio is presently 25.38%.

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.