Corebridge Financial Inc. lessened its position in Aon plc (NYSE:AON - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,363 shares of the financial services provider's stock after selling 4,469 shares during the period. Corebridge Financial Inc.'s holdings in AON were worth $19,525,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC grew its stake in shares of AON by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider's stock worth $840,000 after purchasing an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in AON by 5.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider's stock worth $242,000 after purchasing an additional 33 shares during the period. U.S. Capital Wealth Advisors LLC grew its position 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 buying an additional 33 shares in the last quarter. Moors & Cabot Inc. increased its stake in AON by 3.0% during the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock valued at $406,000 after buying an additional 33 shares during the period. Finally, Sandy Cove Advisors LLC raised its position in shares of AON by 3.5% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,004 shares of the financial services provider's stock worth $361,000 after buying an additional 34 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.
AON Price Performance
NYSE:AON traded down $4.69 during trading hours on Friday, reaching $394.86. The company had a trading volume of 256,834 shares, compared to its average volume of 1,151,557. The firm has a market capitalization of $85.29 billion, a PE ratio of 31.19, a PEG ratio of 2.12 and a beta of 0.92. The stock has a 50-day moving average of $388.16 and a two-hundred day moving average of $371.75. 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 one year low of $268.06 and a one year high of $412.97.
AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the business posted $3.89 earnings per share. Analysts forecast that Aon plc will post 17.21 earnings per share for the current year.
AON Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON's dividend payout ratio (DPR) is presently 21.33%.
Analyst Ratings Changes
AON has been the topic of a number of research analyst reports. Redburn Atlantic upgraded shares of AON to a "hold" rating in a research note on Tuesday. Keefe, Bruyette & Woods lifted their price target on shares of AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Wells Fargo & Company boosted their target price on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and increased their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada boosted their price objective on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. One investment 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. According to MarketBeat.com, AON currently has an average rating of "Hold" and a consensus target price of $386.21.
Read Our Latest Analysis 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.
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
