Nicolet Bankshares Inc. reduced its stake in shares of Aon plc (NYSE:AON - Free Report) by 78.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,000 shares of the financial services provider's stock after selling 3,750 shares during the period. Nicolet Bankshares Inc.'s holdings in AON were worth $359,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of AON. V Square Quantitative Management LLC boosted its position 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 valued at $840,000 after acquiring an additional 31 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in AON by 5.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider's stock valued at $242,000 after buying an additional 33 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in AON by 0.9% in the fourth 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 purchasing an additional 33 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of AON by 3.0% in the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock worth $406,000 after buying an additional 33 shares during the period. Finally, Sandy Cove Advisors LLC raised its stake in shares of AON by 3.5% during the fourth quarter. Sandy Cove Advisors LLC now owns 1,004 shares of the financial services provider's stock valued at $361,000 after acquiring an additional 34 shares during the last quarter. 86.14% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
AON has been the subject of a number of recent analyst reports. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and upped their target price for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. 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 research report on Monday, February 3rd. Jefferies Financial Group increased their price objective on shares of AON from $396.00 to $416.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Wells Fargo & Company lifted their target price on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Redburn Partners set a $445.00 price objective on shares of AON in a research report on Tuesday, March 25th. One 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $393.87.
Get Our Latest Stock Report on AON
AON Price Performance
Shares of AON stock traded down $5.74 during trading on Friday, reaching $367.08. 1,562,803 shares of the stock traded hands, compared to its average volume of 1,224,340. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The business has a fifty day simple moving average of $389.85 and a two-hundred day simple moving average of $375.16. The company has a market capitalization of $79.29 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 2.12 and a beta of 0.82.
AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 EPS. Sell-side analysts expect that Aon plc will post 17.21 EPS for the current year.
AON Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.745 dividend. The ex-dividend date is Thursday, May 1st. This is an increase from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.81%. AON's payout ratio is 23.54%.
AON Company Profile
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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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