Aon plc (NYSE:AON) Stock Position Lifted by Capital World Investors

Capital World Investors raised its holdings in shares of Aon plc (NYSE:AON - Free Report) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,097,257 shares of the financial services provider's stock after purchasing an additional 28,409 shares during the period. Capital World Investors owned about 5.59% of AON worth $4,344,838,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Endeavor Private Wealth Inc. bought a new position in AON in the fourth quarter worth about $29,000. Richardson Financial Services Inc. boosted its position 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 valued at $30,000 after purchasing an additional 81 shares during the period. Millstone Evans Group LLC bought a new position in AON during the 4th quarter worth $32,000. Anchor Investment Management LLC increased its position in AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after buying an additional 93 shares during the period. Finally, Centricity Wealth Management LLC bought a new stake in AON in the fourth quarter valued at $39,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AON. Redburn Partners set a $445.00 price objective on shares of AON in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods lifted their target price on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Jefferies Financial Group increased their price target on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Barclays cut their price objective on shares of AON from $440.00 to $430.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Redburn Atlantic upgraded shares of AON to a "hold" rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $393.87.

AON Trading Down 0.8 %

AON traded down $3.05 during trading on Thursday, reaching $365.78. The company had a trading volume of 641,629 shares, compared to its average volume of 1,238,364. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The company has a market cap of $79.01 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 2.12 and a beta of 0.82. The firm's 50-day simple moving average is $388.09 and its 200 day simple moving average is $375.63.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) 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 quarter last year, the company earned $3.89 EPS. Equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.745 per share. This is an increase from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.81%. AON's payout ratio is currently 23.54%.

AON Company Profile

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.