MetLife Investment Management LLC increased its stake in shares of Aon plc (NYSE:AON - Free Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,892 shares of the financial services provider's stock after purchasing an additional 768 shares during the quarter. MetLife Investment Management LLC's holdings in AON were worth $20,433,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Endeavor Private Wealth Inc. bought a new stake in shares of AON during the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. grew its holdings in AON by 2,025.0% during the 4th 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 during the period. Millstone Evans Group LLC bought a new stake in shares of AON during the 4th quarter valued at $32,000. Anchor Investment Management LLC boosted its position in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after purchasing an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in shares of AON during the fourth quarter worth $39,000. Institutional investors and hedge funds own 86.14% of the company's stock.
Analysts Set New Price Targets
AON has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Royal Bank of Canada lifted their price objective on shares of AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Piper Sandler increased their target price on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, Redburn Atlantic raised AON to a "hold" rating in a research note on Tuesday, March 25th. One 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. Based on data from MarketBeat.com, AON presently has an average rating of "Hold" and an average price target of $393.87.
Read Our Latest Research Report on AON
AON Stock Up 0.1 %
Shares of NYSE AON traded up $0.31 during midday trading on Wednesday, reaching $368.83. The company's stock had a trading volume of 1,145,312 shares, compared to its average volume of 1,234,438. The stock has a 50 day simple moving average of $388.46 and a 200-day simple moving average of $375.68. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $412.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $79.67 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.12 and a beta of 0.82.
AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (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 EPS. Equities research analysts predict that Aon plc will post 17.21 earnings per share for the current year.
AON Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.745 dividend. The ex-dividend date is Thursday, May 1st. This is a boost from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.81%. AON's dividend payout ratio (DPR) is currently 23.54%.
AON 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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