World Investment Advisors boosted its stake in shares of Aon plc (NYSE:AON - Free Report) by 212.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,491 shares of the financial services provider's stock after purchasing an additional 1,695 shares during the quarter. World Investment Advisors' holdings in AON were worth $895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Huntington National Bank increased 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 purchasing an additional 114 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in AON by 1.6% during the 4th quarter. Meeder Advisory Services Inc. now owns 4,023 shares of the financial services provider's stock worth $1,445,000 after buying an additional 64 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 valued at $1,773,165,000 after buying an additional 627,742 shares in the last quarter. GFI Investment Counsel Ltd. boosted its holdings in AON by 3.2% in the fourth quarter. GFI Investment Counsel Ltd. now owns 160,127 shares of the financial services provider's stock worth $57,511,000 after acquiring an additional 4,973 shares in the last quarter. Finally, Nemes Rush Group LLC purchased a new stake in shares of AON during the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 86.14% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on AON. Jefferies Financial Group increased their price objective on shares of AON from $396.00 to $416.00 and gave the company a "hold" rating in a research report on Friday. Wells Fargo & Company raised their price target on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Redburn Partners set a $445.00 price objective on shares of AON in a report on Tuesday, March 25th. Piper Sandler raised their target price on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, AON currently has an average rating of "Hold" and a consensus price target of $393.87.
Check Out Our Latest Analysis on AON
AON Stock Performance
NYSE AON traded up $6.24 during mid-day trading on Friday, reaching $375.26. 1,759,625 shares of the stock were exchanged, compared to its average volume of 1,219,721. The company has a market capitalization of $81.06 billion, a P/E ratio of 29.64, a P/E/G ratio of 2.12 and a beta of 0.82. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The business's 50 day moving average is $390.58 and its 200-day moving average is $374.56. 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 posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) 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 quarter last year, the company posted $3.89 EPS. On average, equities research analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.
AON Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.745 dividend. This is a boost from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.79%. AON's payout ratio is 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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