Cerity Partners LLC decreased its position in Aon plc (NYSE:AON - Free Report) by 13.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 32,148 shares of the financial services provider's stock after selling 4,846 shares during the period. Cerity Partners LLC's holdings in AON were worth $11,368,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. FMR LLC grew its stake in shares of AON by 43.4% in the fourth quarter. FMR LLC now owns 902,192 shares of the financial services provider's stock valued at $324,031,000 after buying an additional 273,236 shares in the last quarter. Garrison Point Advisors LLC acquired a new position in shares of AON during the 4th quarter worth about $270,000. Ilmarinen Mutual Pension Insurance Co bought a new stake in shares of AON in the 4th quarter valued at about $9,472,000. Aviva PLC raised its stake in AON by 19.0% in the fourth 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. Finally, Prudential PLC boosted its position in AON by 89.8% during the fourth quarter. Prudential PLC now owns 7,376 shares of the financial services provider's stock worth $2,649,000 after purchasing an additional 3,489 shares during the period. 86.14% of the stock is owned by institutional investors.
AON Trading Down 0.9 %
AON stock traded down $3.43 during midday trading on Tuesday, hitting $380.91. The stock had a trading volume of 326,564 shares, compared to its average volume of 1,219,428. 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 firm has a market cap of $82.28 billion, a P/E ratio of 30.10, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The business has a fifty day moving average price of $390.61 and a two-hundred day moving average price of $375.00. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97.
AON (NYSE:AON - Get Free Report) last released its 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 in the prior year, the firm posted $3.89 EPS. On average, sell-side analysts predict that Aon plc will post 17.21 earnings per share 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 dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.78%. This is a positive change from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Thursday, May 1st. AON's dividend payout ratio is presently 21.33%.
Wall Street Analysts Forecast Growth
AON has been the topic of several recent research reports. Barclays lowered their price objective on AON from $440.00 to $430.00 and set an "overweight" rating on the stock in a research report on Friday. JPMorgan Chase & Co. boosted their price target on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods raised their target price on shares of AON from $411.00 to $414.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group upped their price objective on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research report on Friday. 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 stock presently has a consensus rating of "Hold" and an average price target of $393.87.
Check Out 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.
Featured Articles
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
