Wealthfront Advisers LLC grew its position in Aon plc (NYSE:AON - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,655 shares of the financial services provider's stock after purchasing an additional 1,575 shares during the quarter. Wealthfront Advisers LLC's holdings in AON were worth $4,545,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in AON by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock worth $444,563,000 after purchasing an additional 31,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of AON by 27.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock valued at $34,676,000 after acquiring an additional 20,942 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of AON by 5.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock valued at $9,530,000 after acquiring an additional 1,451 shares during the period. Proficio Capital Partners LLC boosted its stake in AON by 43,000.8% during the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock worth $140,404,000 after acquiring an additional 390,017 shares in the last quarter. Finally, State Street Corp increased its stake in AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider's stock valued at $3,059,977,000 after purchasing an additional 32,417 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
AON has been the subject of several research reports. Piper Sandler raised 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. Keefe, Bruyette & Woods raised their price objective on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Wells Fargo & Company upped their target price on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on shares of AON from $379.00 to $394.00 and gave the company an "overweight" rating in a research report on Friday, January 3rd. Finally, Barclays upped their price objective on shares of AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, AON presently has a consensus rating of "Hold" and a consensus price target of $386.21.
Check Out Our Latest Stock Report on AON
AON Stock Performance
Shares of AON stock traded down $7.89 during trading on Monday, hitting $390.90. The company's stock had a trading volume of 1,825,636 shares, compared to its average volume of 1,102,660. The business has a fifty day moving average of $381.36 and a 200-day moving average of $369.13. The company has a market cap of $84.43 billion, a PE ratio of 30.88, a P/E/G ratio of 2.12 and a beta of 0.92. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.
AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) 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 last year, the firm posted $3.89 earnings per share. As a group, research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.
AON Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, February 3rd. AON's dividend payout ratio is currently 21.33%.
AON Company 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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