Zurcher Kantonalbank Zurich Cantonalbank Has $34.68 Million Stock Holdings in Aon plc (NYSE:AON)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Aon plc (NYSE:AON) by 27.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,548 shares of the financial services provider’s stock after purchasing an additional 20,942 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AON were worth $34,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in AON. Diamond Hill Capital Management Inc. acquired a new position in shares of AON in the 3rd quarter valued at about $336,375,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in AON by 334.9% during 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 worth $363,475,000 after buying an additional 808,990 shares during the period. Proficio Capital Partners LLC raised its stake in AON by 43,000.8% during the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock worth $140,404,000 after buying an additional 390,017 shares during the period. Bank of New York Mellon Corp raised its stake in AON by 15.5% during 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 period. Finally, Raymond James Financial Inc. acquired a new position in AON during the 4th quarter worth approximately $86,435,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Trading Down 1.2 %

NYSE:AON opened at $398.36 on Tuesday. The company has a market cap of $86.05 billion, a P/E ratio of 31.47, a P/E/G ratio of 2.12 and a beta of 0.92. The stock’s fifty day moving average price is $378.08 and its two-hundred day moving average price is $367.46. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the prior year, the firm earned $3.89 EPS. As a group, analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on 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 upped their price target on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Piper Sandler boosted their price objective on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada boosted their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $386.21.

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.