DRW Securities LLC acquired a new position in shares of Aon plc (NYSE:AON - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,100 shares of the financial services provider's stock, valued at approximately $754,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. APG Asset Management N.V. bought a new stake in AON in the 4th quarter valued at approximately $42,211,000. Applied Finance Capital Management LLC increased its stake in shares of AON by 3.7% during the 4th quarter. Applied Finance Capital Management LLC now owns 4,955 shares of the financial services provider's stock worth $1,780,000 after purchasing an additional 176 shares during the last quarter. Bank of Nova Scotia boosted its holdings in AON by 200.1% in the 4th quarter. Bank of Nova Scotia now owns 81,878 shares of the financial services provider's stock valued at $29,407,000 after purchasing an additional 54,593 shares during the period. Shelton Capital Management raised its position in shares of AON by 3.9% in the fourth quarter. Shelton Capital Management now owns 1,230 shares of the financial services provider's stock valued at $442,000 after buying an additional 46 shares in the last quarter. Finally, Canopy Partners LLC acquired a new stake in AON during the fourth quarter worth approximately $217,000. 86.14% of the stock is owned by institutional investors and hedge funds.
AON Trading Down 0.7 %
Shares of NYSE:AON traded down $2.56 during mid-day trading on Tuesday, reaching $381.78. 178,747 shares of the company's stock were exchanged, compared to its average volume of 1,218,802. The firm has a market capitalization of $82.46 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 2.12 and a beta of 0.82. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The business's fifty day moving average price is $390.61 and its 200-day moving average price is $375.00. 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 (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 previous year, the business earned $3.89 earnings per share. On average, research analysts predict 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. Investors of record on Thursday, May 1st will be issued a $0.745 dividend. 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. This represents a $2.98 annualized dividend and a yield of 0.78%. AON's payout ratio is presently 21.33%.
Analyst Ratings Changes
AON has been the topic of a number of recent analyst reports. Redburn Partners set a $445.00 price target on AON in a research report on Tuesday, March 25th. JPMorgan Chase & Co. increased their price target on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Wells Fargo & Company boosted their price objective on shares of AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Piper Sandler lifted their price target on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada boosted their price target on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $393.87.
Check Out Our Latest Stock 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.
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