Capital Group Private Client Services Inc. lowered its position in shares of Aon plc (NYSE:AON - Free Report) by 4.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,450 shares of the financial services provider's stock after selling 8,217 shares during the period. Capital Group Private Client Services Inc. owned approximately 0.09% of AON worth $69,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in AON by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock valued at $444,563,000 after purchasing an additional 31,021 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AON by 27.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock valued at $34,676,000 after buying an additional 20,942 shares in the last quarter. Aviva PLC raised its holdings in shares of AON by 19.0% in the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock valued at $91,859,000 after buying an additional 40,850 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in AON by 5.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock worth $9,530,000 after acquiring an additional 1,451 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its position in AON by 43,000.8% in the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock valued at $140,404,000 after acquiring an additional 390,017 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently commented on the stock. Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Royal Bank of Canada boosted their price target 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. Redburn Partners set a $445.00 price objective on AON in a research note on Tuesday, March 25th. Redburn Atlantic raised AON to a "hold" rating in a research note on Tuesday, March 25th. Finally, Piper Sandler increased their price target on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $393.87.
Check Out Our Latest Research Report on AON
AON Stock Performance
NYSE:AON traded down $0.25 during midday trading on Wednesday, reaching $368.27. The stock had a trading volume of 381,649 shares, compared to its average volume of 1,229,032. The stock has a market cap of $79.55 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.12 and a beta of 0.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The firm has a fifty day simple moving average of $388.46 and a two-hundred day simple moving average of $375.68.
AON (NYSE:AON - Get Free Report) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the prior year, the business posted $3.89 earnings per share. On average, equities analysts expect that Aon plc will post 17.21 EPS for the current year.
AON Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.745 per share. 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 dividend on an annualized basis and a dividend yield of 0.81%. AON's dividend payout ratio is 23.54%.
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.
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