Pictet Asset Management Holding SA Purchases 8,399 Shares of Aon plc (NYSE:AON)

Pictet Asset Management Holding SA grew its position in Aon plc (NYSE:AON) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,182 shares of the financial services provider’s stock after acquiring an additional 8,399 shares during the quarter. Pictet Asset Management Holding SA owned 0.07% of AON worth $51,066,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in AON by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider’s stock worth $7,010,714,000 after buying an additional 88,361 shares in the last quarter. State Street Corp boosted its position in shares of AON by 0.4% during 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 acquiring an additional 32,417 shares in the last quarter. Geode Capital Management LLC increased its stake in AON by 0.9% in the third 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 raised its position in AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock worth $921,182,000 after purchasing an additional 343,592 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in AON by 2.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider’s stock worth $824,498,000 after purchasing an additional 64,720 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Down 1.3 %

AON stock opened at $394.22 on Friday. 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 twelve month low of $268.06 and a twelve month high of $412.97. The company has a market cap of $85.15 billion, a P/E ratio of 31.14, a PEG ratio of 2.12 and a beta of 0.92. The business has a fifty day moving average of $388.72 and a 200-day moving average of $372.20.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (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 prior year, the firm posted $3.89 EPS. As a group, equities research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AON. Royal Bank of Canada increased their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Wells Fargo & Company upped their target price on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted 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. Finally, Piper Sandler upped their price objective on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Company 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.