Mariner LLC Increases Stake in Aon plc (NYSE:AON)

Mariner LLC boosted its stake in Aon plc (NYSE:AON) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 45,619 shares of the financial services provider’s stock after buying an additional 1,566 shares during the quarter. Mariner LLC’s holdings in AON were worth $16,385,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new stake in shares of AON during the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. boosted its stake in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of AON during the fourth quarter valued at approximately $32,000. Anchor Investment Management LLC boosted its position in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of AON in the 4th quarter worth approximately $39,000. 86.14% of the stock is owned by institutional investors.

AON Trading Down 1.6 %

AON stock opened at $373.23 on Thursday. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The company has a market cap of $80.62 billion, a P/E ratio of 29.48, a P/E/G ratio of 2.12 and a beta of 0.82. 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 business has a 50-day simple moving average of $390.23 and a two-hundred day simple moving average of $375.02.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating 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 in the previous year, the company earned $3.89 earnings per share. Analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, May 1st. This is an increase from AON’s previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a yield of 0.80%. AON’s payout ratio is 23.54%.

Analyst Upgrades and Downgrades

AON has been the topic of a number of recent research reports. Piper Sandler increased their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Barclays reduced their price objective on shares of AON from $440.00 to $430.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Redburn Atlantic upgraded shares of AON to a “hold” rating in a research note on Tuesday, March 25th. Wells Fargo & Company boosted their price objective on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their target price on AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AON has a consensus rating of “Hold” and a consensus target price of $393.87.

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.