American Century Companies Inc. Cuts Stock Holdings in Aon plc (NYSE:AON)

American Century Companies Inc. trimmed its holdings in Aon plc (NYSE:AON - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 30,050 shares of the financial services provider's stock after selling 3,215 shares during the quarter. American Century Companies Inc.'s holdings in AON were worth $10,793,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Edgestream Partners L.P. grew its position in AON by 67.9% during the 3rd quarter. Edgestream Partners L.P. now owns 1,400 shares of the financial services provider's stock worth $484,000 after acquiring an additional 566 shares during the last quarter. Atom Investors LP purchased a new stake in shares of AON during the third quarter valued at approximately $362,000. Benjamin Edwards Inc. bought a new position in shares of AON in the third quarter worth approximately $224,000. Centiva Capital LP purchased a new position in shares of AON in the third quarter worth $229,000. Finally, Hilltop Holdings Inc. raised its holdings in AON by 101.2% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,642 shares of the financial services provider's stock valued at $568,000 after buying an additional 826 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analysts Set New Price Targets

AON has been the topic of a number of analyst reports. Wells Fargo & Company boosted 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. JPMorgan Chase & Co. boosted their price target on AON from $379.00 to $394.00 and gave the company an "overweight" rating in a report on Friday, January 3rd. Redburn Partners set a $445.00 price objective on AON in a report on Tuesday, March 25th. Evercore ISI raised AON from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, Piper Sandler raised their price target on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $390.13.

AON Stock Down 3.1 %

NYSE:AON traded down $11.61 during mid-day trading on Monday, hitting $364.15. 1,861,946 shares of the company's stock were exchanged, compared to its average volume of 1,199,991. The company has a market cap of $78.66 billion, a PE ratio of 28.76, a P/E/G ratio of 2.12 and a beta of 0.82. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a one year low of $268.06 and a one year high of $412.97. The business has a fifty day moving average price of $391.07 and a 200 day moving average price of $374.06.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the company posted $3.89 EPS. Equities analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently declared 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 0.74%. AON's payout ratio is presently 21.33%.

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.