Prudential PLC Acquires 3,489 Shares of Aon plc (NYSE:AON)

Prudential PLC lifted its holdings in Aon plc (NYSE:AON - Free Report) by 89.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,376 shares of the financial services provider's stock after buying an additional 3,489 shares during the period. Prudential PLC's holdings in AON were worth $2,649,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of AON by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock valued at $444,563,000 after acquiring an additional 31,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of AON by 27.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock valued at $34,676,000 after buying an additional 20,942 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in AON by 5.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock valued at $9,530,000 after acquiring an additional 1,451 shares in the last quarter. Proficio Capital Partners LLC grew its position in AON by 43,000.8% in the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock worth $140,404,000 after acquiring an additional 390,017 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of AON by 13.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider's stock worth $57,345,000 after purchasing an additional 20,084 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

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AON Price Performance

NYSE AON traded up $2.06 during trading on Friday, reaching $371.08. 278,781 shares of the company traded hands, compared to its average volume of 1,212,603. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The stock's 50 day moving average price is $390.63 and its two-hundred day moving average price is $374.36. The company has a market cap of $80.15 billion, a price-to-earnings ratio of 29.34, a P/E/G ratio of 2.12 and a beta of 0.82.

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 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 in the previous year, the company posted $3.89 earnings per share. As a group, analysts anticipate that Aon plc will post 17.21 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Redburn Partners set a $445.00 target price on AON in a report on Tuesday, March 25th. Keefe, Bruyette & Woods boosted their target price on AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Royal Bank of Canada increased their price target on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, Redburn Atlantic raised shares of AON to a "hold" rating in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $391.13.

AON Company Profile

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.