GWN Securities Inc. acquired a new stake in Aon plc (NYSE:AON - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 655 shares of the financial services provider's stock, valued at approximately $242,000.
Other hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in AON by 334.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider's stock worth $363,475,000 after buying an additional 808,990 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of AON by 43,000.8% during the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock worth $140,404,000 after purchasing an additional 390,017 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock valued at $921,182,000 after purchasing an additional 343,592 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in AON by 28.3% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,247,736 shares of the financial services provider's stock valued at $448,137,000 after purchasing an additional 275,525 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in AON in the fourth quarter worth $86,435,000. 86.14% of the stock is currently owned by institutional investors.
AON Price Performance
AON stock traded down $3.15 during mid-day trading on Friday, hitting $390.02. 1,357,653 shares of the company traded hands, compared to its average volume of 1,106,771. 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 one year low of $268.06 and a one year high of $412.97. The stock has a market cap of $84.24 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The stock has a fifty day moving average price of $384.60 and a 200-day moving average price of $370.09.
AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the firm earned $3.89 earnings per share. On average, equities analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.
AON Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.675 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. AON's dividend payout ratio is 21.33%.
Analysts Set New Price Targets
AON has been the subject of several research reports. Royal Bank of Canada increased their price target on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Barclays upped their price target on shares of AON from $394.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Wells Fargo & Company lifted their price objective on shares of AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their price target on AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, AON presently has a consensus rating of "Hold" and an average target price of $386.21.
View 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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