Xponance Inc. Purchases 888 Shares of Aon plc (NYSE:AON)

Xponance Inc. grew its position in Aon plc (NYSE:AON) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,668 shares of the financial services provider’s stock after purchasing an additional 888 shares during the quarter. Xponance Inc.’s holdings in AON were worth $10,656,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp boosted its stake in shares of AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after purchasing an additional 32,417 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of AON by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock valued at $1,489,690,000 after acquiring an additional 38,447 shares during the period. Bank of New York Mellon Corp lifted its position in shares of 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 valued at $921,182,000 after acquiring an additional 343,592 shares during the period. Boston Partners lifted its position in shares of AON by 13.7% during the 4th quarter. Boston Partners now owns 2,035,998 shares of the financial services provider’s stock valued at $731,799,000 after acquiring an additional 244,706 shares during the period. Finally, Cantillon Capital Management LLC lifted its position in shares of AON by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 1,323,228 shares of the financial services provider’s stock valued at $475,251,000 after acquiring an additional 7,010 shares during the period. 86.14% of the stock is owned by institutional investors.

AON Price Performance

Shares of NYSE:AON opened at $389.79 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market capitalization of $84.19 billion, a PE ratio of 30.79, a P/E/G ratio of 2.12 and a beta of 0.92. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The company has a 50-day moving average price of $383.03 and a two-hundred day moving average price of $369.79.

AON (NYSE:AON) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm earned $3.89 earnings per share. Equities analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. AON’s dividend payout ratio (DPR) is currently 21.33%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AON shares. Keefe, Bruyette & Woods boosted their target price on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company increased their target price on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and increased their target price for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Piper Sandler increased their price target on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada increased their price target on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.