Wedbush Securities Inc. trimmed its holdings in Aon plc (NYSE:AON - Free Report) by 55.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,085 shares of the financial services provider's stock after selling 1,376 shares during the quarter. Wedbush Securities Inc.'s holdings in AON were worth $390,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the stock. Aviva PLC grew its holdings in shares of AON by 19.0% during the fourth quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock worth $91,859,000 after purchasing an additional 40,850 shares during the last quarter. Prudential PLC grew its stake in AON by 89.8% during the 4th quarter. Prudential PLC now owns 7,376 shares of the financial services provider's stock worth $2,649,000 after buying an additional 3,489 shares during the last quarter. Motley Fool Asset Management LLC increased its position in AON by 6.1% during the fourth quarter. Motley Fool Asset Management LLC now owns 31,672 shares of the financial services provider's stock worth $11,375,000 after buying an additional 1,830 shares during the period. World Investment Advisors boosted its holdings in shares of AON by 212.9% in the fourth quarter. World Investment Advisors now owns 2,491 shares of the financial services provider's stock valued at $895,000 after acquiring an additional 1,695 shares during the period. Finally, Huntington National Bank grew its position in shares of AON by 2.7% during the fourth quarter. Huntington National Bank now owns 4,289 shares of the financial services provider's stock worth $1,540,000 after acquiring an additional 114 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts recently commented on AON shares. Redburn Partners set a $445.00 price target on shares of AON in a research report on Tuesday, March 25th. Barclays decreased their target price on shares of AON from $440.00 to $430.00 and set an "overweight" rating for the company in a research note on Friday. Keefe, Bruyette & Woods boosted their price target on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Wells Fargo & Company increased their price objective on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their target price on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. One 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $393.87.
View Our Latest Stock Report on AON
AON Price Performance
Shares of NYSE AON traded up $8.44 during trading on Monday, hitting $384.74. 246,172 shares of the company were exchanged, compared to its average volume of 1,224,574. The firm's fifty day moving average price is $390.58 and its 200 day moving average price is $374.75. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $83.10 billion, a price-to-earnings ratio of 30.39, a PEG 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 issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) 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 period in the previous year, the firm earned $3.89 earnings per share. On average, sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.
AON Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.77%. This is an increase from AON's previous quarterly dividend of $0.68. AON's payout ratio is presently 21.33%.
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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