Nippon Life Global Investors Americas Inc. Has $7.78 Million Position in Aon plc (NYSE:AON)

Nippon Life Global Investors Americas Inc. lowered its position in Aon plc (NYSE:AON - Free Report) by 32.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,660 shares of the financial services provider's stock after selling 10,190 shares during the period. Nippon Life Global Investors Americas Inc.'s holdings in AON were worth $7,779,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AON. Virtu Financial LLC bought a new position in shares of AON in the 3rd quarter valued at approximately $1,685,000. Anchor Investment Management LLC raised its position in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after buying an additional 93 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its position in AON by 11.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 10,093 shares of the financial services provider's stock worth $3,492,000 after buying an additional 1,012 shares in the last quarter. World Investment Advisors LLC acquired a new position in AON in the 3rd quarter valued at approximately $275,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of AON in the 3rd quarter worth approximately $1,959,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Trading Down 1.4 %

Shares of AON stock traded down $5.28 on Thursday, hitting $363.55. 1,889,854 shares of the company's stock traded hands, compared to its average volume of 1,238,603. The firm's 50-day moving average price is $387.62 and its two-hundred day moving average price is $375.76. 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 stock has a market capitalization of $78.53 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. 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 announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating 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 period in the prior year, the business posted $3.89 EPS. On average, research analysts expect that Aon plc will post 17.21 EPS 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 dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.82%. This is a positive change from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is currently 23.54%.

Analyst Ratings Changes

Several research analysts recently commented on AON shares. Keefe, Bruyette & Woods raised their target price on 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 lifted their price objective on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Piper Sandler increased their target price on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Finally, Evercore ISI raised AON from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average 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.