Renaissance Technologies LLC reduced its stake in Aon plc (NYSE:AON - Free Report) by 24.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,401 shares of the financial services provider's stock after selling 43,900 shares during the quarter. Renaissance Technologies LLC owned about 0.06% of AON worth $49,349,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AON. Endeavor Private Wealth Inc. bought a new position in AON during the fourth quarter valued at $29,000. Richardson Financial Services Inc. boosted its position in AON by 2,025.0% during 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 purchased a new stake in shares of AON in the 4th quarter worth approximately $32,000. Anchor Investment Management LLC lifted its holdings 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 purchasing an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in shares of AON during the 4th quarter valued at about $39,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.
AON Trading Down 0.2 %
Shares of AON stock traded down $0.65 during trading on Wednesday, reaching $378.46. 171,631 shares of the stock were exchanged, compared to its average volume of 1,218,368. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market cap of $81.75 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The stock's fifty day moving average is $390.49 and its 200 day moving average is $375.03. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97.
AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $3.89 earnings per share. As a group, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.
AON Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.745 per share. 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 annualized dividend and a yield of 0.79%. AON's dividend payout ratio is currently 23.54%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on AON shares. JPMorgan Chase & Co. increased their target price on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Redburn Partners set a $445.00 price objective on shares of AON in a report on Tuesday, March 25th. Piper Sandler lifted their price target on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target on shares of AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group raised their price target on AON from $396.00 to $416.00 and gave the company a "hold" rating in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, AON presently has an average rating of "Hold" and a consensus price target of $393.87.
Read Our Latest Stock Report on AON
About AON
(
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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