Xponance Inc. boosted its stake in shares of Aon plc (NYSE:AON - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,668 shares of the financial services provider's stock after buying an additional 888 shares during the period. Xponance Inc.'s holdings in AON were worth $10,656,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AON. Endeavor Private Wealth Inc. purchased a new position in shares of AON in the 4th quarter worth $29,000. Richardson Financial Services Inc. boosted its stake in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after buying an additional 81 shares during the last quarter. Anchor Investment Management LLC boosted its stake in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after buying an additional 93 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in shares of AON in the 4th quarter worth $39,000. Finally, Kestra Investment Management LLC purchased a new position in shares of AON in the 4th quarter worth $39,000. Institutional investors own 86.14% of the company's stock.
AON Price Performance
Shares of AON stock traded down $3.15 during trading hours on Friday, hitting $390.02. The company's stock had a trading volume of 1,359,525 shares, compared to its average volume of 1,108,204. The business has a 50 day moving average price of $385.41 and a two-hundred day moving average price of $370.58. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The company has a market cap of $84.24 billion, a PE ratio of 30.81, a PEG ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.
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, topping 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 period in the previous year, the business earned $3.89 EPS. Analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.
AON Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON's dividend payout ratio (DPR) is 21.33%.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on AON. Wells Fargo & Company raised their price target on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods raised their price target on AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Piper Sandler lifted their target price on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their target price on AON from $379.00 to $394.00 and gave the company an "overweight" rating in a research report on Friday, January 3rd. Finally, Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $386.21.
Check Out Our Latest Analysis 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.
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