Altrinsic Global Advisors LLC lowered its position in Aon plc (NYSE:AON - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 237,371 shares of the financial services provider's stock after selling 10,175 shares during the quarter. AON makes up about 4.1% of Altrinsic Global Advisors LLC's portfolio, making the stock its 9th biggest position. Altrinsic Global Advisors LLC owned approximately 0.11% of AON worth $85,254,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of AON. Alta Advisers Ltd boosted its holdings in shares of AON by 18.3% in the 4th quarter. Alta Advisers Ltd now owns 710 shares of the financial services provider's stock valued at $255,000 after buying an additional 110 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of AON by 117.9% in the 4th quarter. Hsbc Holdings PLC now owns 104,083 shares of the financial services provider's stock worth $37,231,000 after purchasing an additional 56,314 shares in the last quarter. Fayez Sarofim & Co acquired a new position in AON during the 4th quarter valued at about $5,905,000. State of Tennessee Department of Treasury raised its stake in AON by 15.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 122,848 shares of the financial services provider's stock valued at $44,122,000 after buying an additional 16,399 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of AON by 46.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,386 shares of the financial services provider's stock worth $4,449,000 after acquiring an additional 3,909 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.
AON Trading Up 1.4 %
AON stock traded up $4.58 during trading on Monday, reaching $340.43. The company had a trading volume of 1,101,614 shares, compared to its average volume of 1,240,704. Aon plc has a 12-month low of $275.07 and a 12-month high of $412.97. The stock's 50 day moving average price is $386.53 and its two-hundred day moving average price is $375.91. The firm has a market capitalization of $73.53 billion, a price-to-earnings ratio of 26.88, a PEG 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.
AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a return on equity of 70.84% and a net margin of 16.91%. The company had revenue of $4.73 billion during the quarter, compared to analysts' expectations of $4.83 billion. During the same quarter in the prior year, the company earned $5.66 EPS. The firm's revenue was up 16.2% compared to the same quarter last year. As a group, equities analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.
AON Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.88%. This is an increase from AON's previous quarterly dividend of $0.68. The ex-dividend date is Thursday, May 1st. AON's payout ratio is 25.38%.
Wall Street Analyst Weigh In
A number of research firms recently commented on AON. Evercore ISI decreased their target price on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a report on Monday. Barclays reduced their price objective on AON from $440.00 to $430.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Redburn Partners set a $445.00 target price on AON in a research note on Tuesday, March 25th. Royal Bank of Canada boosted their price target on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of AON from $410.00 to $445.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, AON currently has an average rating of "Hold" and an average target price of $392.00.
View Our Latest Stock Report on AON
AON Company 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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