FMR LLC increased its position in Aon plc (NYSE:AON - Free Report) by 43.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 902,192 shares of the financial services provider's stock after purchasing an additional 273,236 shares during the period. FMR LLC owned 0.42% of AON worth $324,031,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. acquired a new stake in AON during the 4th quarter worth $29,000. Richardson Financial Services Inc. raised its position in AON by 2,025.0% in 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 acquired a new stake in shares of AON in the fourth quarter valued at about $32,000. Anchor Investment Management LLC boosted its stake in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after acquiring an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in AON in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 86.14% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on AON. Keefe, Bruyette & Woods lifted their target price on shares of AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Wells Fargo & Company upped their target price on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Redburn Atlantic raised AON to a "hold" rating in a research report on Tuesday, March 25th. Jefferies Financial Group upped their price objective on AON from $396.00 to $416.00 and gave the company a "hold" rating in a research report on Friday. Finally, Redburn Partners set a $445.00 price objective on AON in a research report on Tuesday, March 25th. 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 stock. According to MarketBeat, AON currently has a consensus rating of "Hold" and an average target price of $393.87.
Read Our Latest Stock Report on AON
AON Trading Down 0.9 %
Shares of NYSE AON traded down $3.43 during trading on Tuesday, hitting $380.91. 326,564 shares of the company traded hands, compared to its average volume of 1,219,428. 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 firm has a market capitalization of $82.28 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.12 and a beta of 0.82. The company has a 50-day moving average price of $390.61 and a 200-day moving average price of $375.00. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97.
AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping 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 last year, the firm earned $3.89 earnings per share. On average, equities analysts predict that Aon plc will post 17.21 EPS for the current year.
AON Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.745 dividend. The ex-dividend date is Thursday, May 1st. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a yield of 0.78%. AON's dividend payout ratio (DPR) is 21.33%.
AON Company Profile
(
Free Report)
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.
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