Headlands Technologies LLC reduced its position in Aon plc (NYSE:AON - Free Report) by 85.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 299 shares of the financial services provider's stock after selling 1,703 shares during the quarter. Headlands Technologies LLC's holdings in AON were worth $107,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new position in shares of AON during the 4th quarter valued at $29,000. Richardson Financial Services Inc. boosted its stake in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after buying an additional 81 shares during the period. Millstone Evans Group LLC purchased a new position in AON during the fourth quarter worth about $32,000. Anchor Investment Management LLC increased its stake in 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 acquiring an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in shares of AON during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 86.14% of the company's stock.
AON Trading Up 1.7 %
AON stock traded up $6.24 during midday trading on Friday, hitting $375.26. The company had a trading volume of 1,759,625 shares, compared to its average volume of 1,219,721. The stock has a market cap of $81.06 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 2.12 and a beta of 0.82. Aon plc has a 52 week low of $268.06 and a 52 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's 50 day moving average price is $390.58 and its 200 day moving average price is $374.56.
AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating the consensus estimate 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 previous year, the company posted $3.89 earnings per share. As a group, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.
AON Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.79%. This is an increase from AON's previous quarterly dividend of $0.68. AON's payout ratio is currently 21.33%.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Redburn Atlantic upgraded shares of AON to a "hold" rating in a research report on Tuesday, March 25th. Jefferies Financial Group increased their price target on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a report on Friday. Piper Sandler upped their target price on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Royal Bank of Canada raised their price target on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. Finally, Barclays cut their price objective on AON from $440.00 to $430.00 and set an "overweight" rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, AON presently has an average rating of "Hold" and an average target price of $393.87.
Read Our Latest Research Report on AON
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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