GM Advisory Group LLC Has $30.96 Million Stock Holdings in Aon plc (NYSE:AON)

GM Advisory Group LLC trimmed its position in shares of Aon plc (NYSE:AON) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 86,189 shares of the financial services provider’s stock after selling 5,655 shares during the period. AON makes up approximately 1.7% of GM Advisory Group LLC’s portfolio, making the stock its 17th biggest holding. GM Advisory Group LLC’s holdings in AON were worth $30,956,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AON. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of AON by 334.9% during the third 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 purchasing an additional 808,990 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of AON by 43,000.8% during the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after purchasing an additional 390,017 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of AON by 15.5% during the fourth 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 purchasing an additional 343,592 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of AON by 28.3% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,247,736 shares of the financial services provider’s stock valued at $448,137,000 after purchasing an additional 275,525 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of AON by 13.7% in the fourth quarter. Boston Partners now owns 2,035,998 shares of the financial services provider’s stock worth $731,799,000 after acquiring an additional 244,706 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AON has been the topic of a number of recent analyst reports. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Piper Sandler lifted their price objective on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price objective on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Barclays lifted their price objective on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. One equities research 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, the stock has a consensus rating of “Hold” and an average target price of $386.21.

AON Trading Down 0.3 %

Shares of AON stock opened at $389.79 on Wednesday. The company has a market cap of $84.19 billion, a P/E ratio of 30.79, a PEG ratio of 2.12 and a beta of 0.92. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $412.97. The stock has a 50 day simple moving average of $383.03 and a two-hundred day simple moving average of $369.79. 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 released its quarterly earnings data 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 return on equity of 70.84% and a net margin of 16.91%. During the same quarter in the prior year, the business earned $3.89 earnings per share. Research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON’s dividend 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.