Keybank National Association OH Boosts Stock Holdings in Aon plc (NYSE:AON)

Keybank National Association OH boosted its stake in shares of Aon plc (NYSE:AON) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,665 shares of the financial services provider’s stock after purchasing an additional 196 shares during the period. Keybank National Association OH’s holdings in AON were worth $2,753,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AON. Diamond Hill Capital Management Inc. purchased a new position in shares of AON in the 3rd quarter valued at $336,375,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 during the period. Proficio Capital Partners LLC raised its stake in shares of AON by 43,000.8% in the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after acquiring an additional 390,017 shares during the period. Bank of New York Mellon Corp raised its stake 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 valued at $921,182,000 after acquiring an additional 343,592 shares during the period. Finally, Accredited Investors Inc. raised its stake in shares of AON by 5,694.5% in the 3rd quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock valued at $83,883,000 after acquiring an additional 238,258 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Trading Down 0.5 %

NYSE AON opened at $402.09 on Friday. Aon plc has a one year low of $268.06 and a one year high of $412.97. The company has a 50-day simple moving average of $376.43 and a 200-day simple moving average of $366.16. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market capitalization of $86.85 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate 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 posted $3.89 earnings per share. On average, equities analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 21.33%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and raised their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Wells Fargo & Company lifted their price target on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Barclays lifted their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $386.21.

AON 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.