TIAA Trust National Association Has $1.01 Million Holdings in Aon plc (NYSE:AON)

TIAA Trust National Association grew its position in Aon plc (NYSE:AON) by 7.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,798 shares of the financial services provider’s stock after purchasing an additional 203 shares during the period. TIAA Trust National Association’s holdings in AON were worth $1,005,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of AON by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock valued at $444,563,000 after purchasing an additional 31,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in AON by 27.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider’s stock worth $34,676,000 after acquiring an additional 20,942 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in AON by 5.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock valued at $9,530,000 after acquiring an additional 1,451 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in shares of AON by 43,000.8% in the 4th 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 during the period. Finally, State Street Corp boosted its holdings in shares of AON by 0.4% during the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after purchasing an additional 32,417 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Trading Up 0.5 %

NYSE:AON opened at $398.67 on Friday. The company’s 50 day moving average is $388.16 and its 200-day moving average is $371.75. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. The firm has a market cap of $86.11 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last released 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 business posted $3.89 earnings per share. Equities analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio is currently 21.33%.

Analyst Ratings Changes

AON has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Piper Sandler increased 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. JPMorgan Chase & Co. boosted their target price on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods increased 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 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $386.21.

About AON

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.