Scotia Capital Inc. grew its holdings in shares of Aon plc (NYSE:AON - Free Report) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,670 shares of the financial services provider's stock after purchasing an additional 776 shares during the period. Scotia Capital Inc.'s holdings in AON were worth $3,833,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the business. Centiva Capital LP acquired a new position in shares of AON during the 3rd quarter worth $229,000. Wellington Management Group LLP grew its position in AON by 392.2% during the third quarter. Wellington Management Group LLP now owns 6,039 shares of the financial services provider's stock worth $2,089,000 after buying an additional 4,812 shares during the period. MML Investors Services LLC lifted its position in shares of AON by 1.6% during the 3rd quarter. MML Investors Services LLC now owns 13,293 shares of the financial services provider's stock valued at $4,599,000 after acquiring an additional 212 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of AON during the 3rd quarter worth approximately $788,000. Finally, TD Private Client Wealth LLC grew its holdings in shares of AON by 55.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,808 shares of the financial services provider's stock worth $972,000 after acquiring an additional 999 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.
AON Stock Down 1.4 %
NYSE AON traded down $5.30 on Tuesday, reaching $379.04. The company had a trading volume of 845,424 shares, compared to its average volume of 1,222,436. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The firm has a 50-day moving average of $390.61 and a 200-day moving average of $375.00. The firm has a market capitalization of $81.87 billion, a PE ratio of 29.94, 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 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 quarter last year, the business posted $3.89 earnings per share. On average, equities research analysts anticipate 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. Investors of record on Thursday, May 1st will be paid a $0.745 dividend. This is a boost from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.79%. AON's payout ratio is 21.33%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on AON shares. Redburn Partners set a $445.00 price target on AON in a research note on Tuesday, March 25th. Piper Sandler upped their target price on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Royal Bank of Canada increased their target price on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $393.87.
Check Out Our Latest 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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