Treasurer of the State of North Carolina increased its holdings in Aon plc (NYSE:AON - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,705 shares of the financial services provider's stock after acquiring an additional 2,540 shares during the quarter. Treasurer of the State of North Carolina's holdings in AON were worth $35,451,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in AON by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider's stock valued at $7,010,714,000 after purchasing an additional 88,361 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of AON by 14.5% during the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock worth $1,773,165,000 after buying an additional 627,742 shares during the last quarter. Bank of New York Mellon Corp raised its position in AON by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock valued at $921,182,000 after purchasing an additional 343,592 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of AON by 2.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider's stock worth $824,498,000 after acquiring an additional 64,720 shares during the period. Finally, Neuberger Berman Group LLC grew its stake in shares of AON by 4.2% during the 4th quarter. Neuberger Berman Group LLC now owns 2,123,862 shares of the financial services provider's stock worth $762,796,000 after purchasing an additional 86,148 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have weighed in on AON shares. Evercore ISI raised 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 research report on Wednesday, January 8th. Redburn Atlantic raised shares of AON to a "hold" rating in a research report on Tuesday, March 25th. Piper Sandler upped 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. JPMorgan Chase & Co. upped their price objective on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Finally, Barclays cut their target price on AON from $440.00 to $430.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, AON currently has a consensus rating of "Hold" and an average target price of $393.87.
Get Our Latest Report on AON
AON Stock Down 1.0 %
NYSE AON traded down $3.84 on Wednesday, reaching $375.27. The stock had a trading volume of 410,452 shares, compared to its average volume of 1,219,354. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The business has a 50 day moving average price of $390.49 and a 200 day moving average price of $375.03. The company has a market capitalization of $81.06 billion, a price-to-earnings ratio of 29.64, a P/E/G ratio of 2.12 and a beta of 0.82. 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 announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating analysts' consensus estimates 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 period last year, the business posted $3.89 EPS. On average, analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.
AON Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.745 per share. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, May 1st. AON's dividend payout ratio is 23.54%.
AON 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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