Wells Fargo & Company MN reduced its holdings in shares of Aon plc (NYSE:AON - Free Report) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 284,275 shares of the financial services provider's stock after selling 11,344 shares during the period. Wells Fargo & Company MN owned approximately 0.13% of AON worth $102,100,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new stake in AON during the fourth quarter worth $596,665,000. Artisan Partners Limited Partnership raised its holdings in shares of AON by 86.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock worth $742,582,000 after acquiring an additional 960,204 shares during the last quarter. Geode Capital Management LLC increased its position in 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 purchasing an additional 627,742 shares in the last quarter. Proficio Capital Partners LLC raised its stake in AON by 43,000.8% in the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock valued at $140,404,000 after purchasing an additional 390,017 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings 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 in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.
AON Stock Up 1.7 %
AON stock traded up $6.24 during trading on Friday, reaching $375.26. The stock had a trading volume of 1,759,625 shares, compared to its average volume of 1,221,631. The firm has a fifty day moving average price of $390.58 and a 200 day moving average price of $374.75. 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 company has a market capitalization of $81.06 billion, a P/E ratio of 29.64, 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 quarterly earnings data 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 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. On average, equities analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.
AON Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders 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 yield of 0.79%. AON's dividend payout ratio (DPR) is currently 21.33%.
Analyst Ratings Changes
AON has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Redburn Atlantic upgraded AON to a "hold" rating in a research note on Tuesday, March 25th. Barclays decreased their price target on AON from $440.00 to $430.00 and set an "overweight" rating on the stock in a research note on Friday. Wells Fargo & Company raised their target price on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Redburn Partners set a $445.00 price target on shares of AON in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, AON has a consensus rating of "Hold" and a consensus target price of $393.87.
Check Out Our Latest Stock Report on AON
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.
Featured Stories
Before you consider AON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AON wasn't on the list.
While AON currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
