Canada Pension Plan Investment Board lowered its stake in Aon plc (NYSE:AON - Free Report) by 82.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,331 shares of the financial services provider's stock after selling 135,246 shares during the quarter. Canada Pension Plan Investment Board's holdings in AON were worth $10,535,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Value Partners Investments Inc. boosted its stake in AON by 1.9% in the 4th quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider's stock worth $533,000 after purchasing an additional 28 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of AON by 1.3% during the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider's stock worth $840,000 after buying an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in AON by 5.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider's stock valued at $242,000 after buying an additional 33 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in AON by 0.9% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider's stock valued at $1,326,000 after acquiring an additional 33 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its position in AON by 3.0% during the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock worth $406,000 after acquiring an additional 33 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.
AON Stock Performance
AON stock traded down $28.60 during mid-day trading on Friday, hitting $336.45. 5,317,653 shares of the company's stock traded hands, compared to its average volume of 1,254,855. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $412.97. The stock has a market cap of $72.67 billion, a price-to-earnings ratio of 26.58, a P/E/G ratio of 2.12 and a beta of 0.82. The firm has a 50 day simple moving average of $387.62 and a two-hundred day simple moving average of $375.76. 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 announced its earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. On average, research analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.
AON Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.745 dividend. This is an increase from AON's previous quarterly dividend of $0.68. The ex-dividend date is Thursday, May 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.89%. AON's dividend payout ratio is presently 23.54%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of AON from $440.00 to $430.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Redburn Partners set a $445.00 price target on shares of AON in a research report on Tuesday, March 25th. Wells Fargo & Company raised their price objective on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Redburn Atlantic raised AON to a "hold" rating in a research report on Tuesday, March 25th. Finally, Jefferies Financial Group increased their price target on AON from $396.00 to $416.00 and gave the company a "hold" rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $393.87.
View Our Latest Stock Analysis on AON
About AON
(
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.
Read More
Before you consider AON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AON wasn't on the list.
While AON currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
