Russell Investments Group Ltd. lowered its holdings in shares of Aon plc (NYSE:AON - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 253,485 shares of the financial services provider's stock after selling 9,991 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of AON worth $91,033,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in AON. Endeavor Private Wealth Inc. bought a new position in shares of AON in the 4th quarter worth $29,000. Richardson Financial Services Inc. increased its stake in shares of AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after acquiring an additional 81 shares during the period. Millstone Evans Group LLC purchased a new position in shares of AON during the 4th quarter valued at about $32,000. Anchor Investment Management LLC grew its holdings in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after acquiring an additional 93 shares during the period. Finally, Centricity Wealth Management LLC acquired a new position in AON in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 86.14% of the company's stock.
Analyst Ratings Changes
A number of research analysts have weighed in on AON shares. Piper Sandler lifted their price objective on shares of AON from $372.00 to $384.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Royal Bank of Canada boosted their target price on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price target on shares of AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. upped their target price on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Redburn Partners set a $445.00 target price on shares of AON in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $391.13.
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AON Price Performance
Shares of NYSE AON traded up $4.80 during midday trading on Friday, reaching $373.82. 455,352 shares of the company traded hands, compared to its average volume of 1,213,138. 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 firm has a market cap of $80.75 billion, a PE ratio of 29.54, a PEG ratio of 2.12 and a beta of 0.82. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. The stock's 50-day simple moving average is $390.63 and its 200-day simple moving average is $374.36.
AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping 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 prior year, the business posted $3.89 EPS. As a group, equities analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.
AON 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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