Legal & General Group Plc Sells 344,259 Shares of Aon plc (NYSE:AON)

Legal & General Group Plc lowered its holdings in shares of Aon plc (NYSE:AON - Free Report) by 20.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,379,788 shares of the financial services provider's stock after selling 344,259 shares during the quarter. Legal & General Group Plc owned 0.64% of AON worth $495,565,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AON. Endeavor Private Wealth Inc. acquired a new stake in AON during the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. lifted its position in AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 81 shares in the last quarter. Millstone Evans Group LLC acquired a new position in AON in the 4th quarter worth $32,000. Anchor Investment Management LLC increased its holdings in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after purchasing an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in shares of AON in the fourth quarter valued at about $39,000. Institutional investors own 86.14% of the company's stock.

AON Stock Performance

AON stock traded up $6.24 during trading hours on Friday, hitting $375.26. 1,759,625 shares of the stock were exchanged, compared to its average volume of 1,221,631. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. 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 capitalization of $81.06 billion, a P/E ratio of 29.64, a P/E/G ratio of 2.12 and a beta of 0.82. The company has a 50-day simple moving average of $390.58 and a two-hundred day simple moving average of $374.75.

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AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping 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 business earned $3.89 EPS. On average, analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal 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 given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.79%. This is an increase from AON's previous quarterly dividend of $0.68. AON's payout ratio is presently 21.33%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Redburn Atlantic upgraded AON to a "hold" rating in a research note on Tuesday, March 25th. Royal Bank of Canada boosted their price objective on shares of AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and raised their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Jefferies Financial Group upped their target price on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a report on Friday. Finally, Keefe, Bruyette & Woods increased their price objective on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. 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. According to data from MarketBeat.com, AON has an average rating of "Hold" and a consensus price target of $393.87.

About AON

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.