Ameriprise Financial Inc. Has $331.89 Million Stock Position in Aon plc (NYSE:AON)

Ameriprise Financial Inc. lessened its position in shares of Aon plc (NYSE:AON - Free Report) by 29.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 924,066 shares of the financial services provider's stock after selling 382,085 shares during the quarter. Ameriprise Financial Inc. owned about 0.43% of AON worth $331,888,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new position in shares of AON in the 4th quarter worth $29,000. Richardson Financial Services Inc. boosted its holdings in AON by 2,025.0% during the fourth 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. Millstone Evans Group LLC acquired a new position in shares of AON during the 4th quarter worth about $32,000. Centricity Wealth Management LLC bought a new stake in shares of AON in the 4th quarter valued at about $39,000. Finally, Kestra Investment Management LLC bought a new position in AON during the 4th quarter worth approximately $39,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AON has been the subject of several recent analyst reports. Redburn Atlantic raised shares of AON to a "hold" rating in a research note on Tuesday, March 25th. Royal Bank of Canada raised their price objective on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Redburn Partners set a $445.00 price target on AON in a report on Tuesday, March 25th. Evercore ISI decreased their price objective on AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, Wells Fargo & Company lifted their price target on shares of AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $390.67.

AON Price Performance

AON stock opened at $355.74 on Tuesday. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a 1 year low of $275.07 and a 1 year high of $412.97. The company has a market cap of $76.82 billion, a P/E ratio of 28.10, a PEG ratio of 2.12 and a beta of 0.89. The firm has a 50-day moving average of $381.45 and a 200 day moving average of $375.67.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The firm had revenue of $4.73 billion for the quarter, compared to analysts' expectations of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The company's quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.66 EPS. On average, sell-side analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The business also recently declared 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 represents a $2.98 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 1st. This is a positive change from AON's previous quarterly dividend of $0.68. AON's payout ratio is currently 25.38%.

About AON

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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