Sustainable Growth Advisers LP decreased its holdings in Aon plc (NYSE:AON - Free Report) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,263,783 shares of the financial services provider's stock after selling 562,685 shares during the period. AON comprises approximately 4.1% of Sustainable Growth Advisers LP's investment portfolio, making the stock its 6th biggest holding. Sustainable Growth Advisers LP owned approximately 1.05% of AON worth $813,060,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Endeavor Private Wealth Inc. acquired a new stake in AON during the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. lifted its stake in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after purchasing an additional 81 shares during the last quarter. Anchor Investment Management LLC lifted its stake 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 purchasing an additional 93 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in AON during the fourth quarter worth $39,000. Finally, Kestra Investment Management LLC bought a new stake in AON during the fourth quarter worth $39,000. Institutional investors own 86.14% of the company's stock.
AON Stock Performance
AON stock traded down $7.89 during trading on Monday, hitting $390.90. The stock had a trading volume of 1,825,636 shares, compared to its average volume of 1,095,357. The stock has a market cap of $84.43 billion, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The stock's 50 day moving average is $381.36 and its two-hundred day moving average is $369.13. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.
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, topping the consensus estimate 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 previous year, the company earned $3.89 EPS. As a group, analysts predict that Aon plc will post 17.21 EPS for the current year.
AON Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. AON's dividend payout ratio is presently 21.33%.
Wall Street Analysts Forecast Growth
AON has been the subject of several recent analyst reports. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Wells Fargo & Company raised 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. Royal Bank of Canada raised their price objective on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. Piper Sandler raised their price objective on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, Barclays raised their price objective on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $386.21.
Check Out Our Latest Stock Report on AON
AON Company Profile
(
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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