M.D. Sass LLC Makes New $61.54 Million Investment in Aon plc (NYSE:AON)

M.D. Sass LLC bought a new stake in Aon plc (NYSE:AON) during the fourth quarter, HoldingsChannel reports. The firm bought 171,341 shares of the financial services provider’s stock, valued at approximately $61,539,000. AON accounts for approximately 4.6% of M.D. Sass LLC’s investment portfolio, making the stock its 9th largest position.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Piper Sandler boosted their price objective on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price target on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Wells Fargo & Company lifted their price objective on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada upped their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research 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 research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Stock Up 0.8 %

AON opened at $393.28 on Tuesday. The stock’s fifty day moving average is $386.18 and its 200-day moving average is $371.05. Aon plc has a one year low of $268.06 and a one year high of $412.97. The company has a market capitalization of $84.95 billion, a PE ratio of 31.06, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping 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 in the previous year, the firm earned $3.89 EPS. On average, equities analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is 21.33%.

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.