Oxford Financial Group LTD. LLC reduced its position in Aon plc (NYSE:AON - Free Report) by 51.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,196 shares of the financial services provider's stock after selling 4,361 shares during the period. Oxford Financial Group LTD. LLC's holdings in AON were worth $1,507,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. TD Private Client Wealth LLC raised its position in AON by 9.2% in the fourth quarter. TD Private Client Wealth LLC now owns 3,066 shares of the financial services provider's stock valued at $1,101,000 after purchasing an additional 258 shares during the period. HUB Investment Partners LLC acquired a new stake in shares of AON in the 4th quarter valued at about $426,000. Whittier Trust Co. grew its stake in AON by 0.8% in the fourth quarter. Whittier Trust Co. now owns 5,307 shares of the financial services provider's stock worth $1,906,000 after purchasing an additional 41 shares in the last quarter. Teacher Retirement System of Texas raised its stake in AON by 306.3% during the fourth quarter. Teacher Retirement System of Texas now owns 72,850 shares of the financial services provider's stock valued at $26,165,000 after buying an additional 54,921 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in AON by 2.7% during the 4th quarter. Royal London Asset Management Ltd. now owns 82,718 shares of the financial services provider's stock worth $29,709,000 after buying an additional 2,162 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on AON. Keefe, Bruyette & Woods upped their price target on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Royal Bank of Canada boosted their price objective on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. Wells Fargo & Company raised 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. Finally, JPMorgan Chase & Co. upped their target price on AON from $379.00 to $394.00 and gave the company an "overweight" rating in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $386.21.
Read Our Latest Research Report on AON
AON Price Performance
Shares of AON traded up $2.88 during midday trading on Tuesday, reaching $396.03. The stock had a trading volume of 839,229 shares, compared to its average volume of 1,107,375. The firm's 50 day moving average price is $386.85 and its 200-day moving average price is $371.39. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The company has a market capitalization of $85.54 billion, a P/E ratio of 31.28, a P/E/G ratio of 2.12 and a beta of 0.92. 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 (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 period in the prior year, the business posted $3.89 earnings per share. On average, analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.
AON Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. AON's dividend payout ratio is currently 21.33%.
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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