California State Teachers Retirement System reduced its holdings in shares of Aon plc (NYSE:AON - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 314,294 shares of the financial services provider's stock after selling 7,815 shares during the quarter. California State Teachers Retirement System owned 0.15% of AON worth $112,882,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Global Frontier Investments LLC bought a new stake in shares of AON in the 4th quarter worth about $17,599,000. Northern Trust Corp grew its stake in AON by 9.3% in the fourth quarter. Northern Trust Corp now owns 2,158,943 shares of the financial services provider's stock worth $775,406,000 after purchasing an additional 183,442 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in AON by 15.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 988,985 shares of the financial services provider's stock valued at $355,204,000 after buying an additional 130,434 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in AON during the fourth quarter valued at approximately $37,787,000. Finally, Coldstream Capital Management Inc. grew its position in shares of AON by 4.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 5,894 shares of the financial services provider's stock worth $2,117,000 after acquiring an additional 238 shares in the last quarter. Institutional investors own 86.14% of the company's stock.
AON Price Performance
AON stock traded up $4.62 during trading on Friday, hitting $356.16. The company had a trading volume of 1,114,571 shares, compared to its average volume of 1,230,855. The business has a 50 day moving average of $383.15 and a 200 day moving average of $375.46. The firm has a market capitalization of $76.91 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 2.12 and a beta of 0.82. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a fifty-two week low of $275.07 and a fifty-two week high of $412.97.
AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a net margin of 16.91% and a return on equity of 70.84%. The firm had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same quarter last year, the business posted $5.66 earnings per share. The firm's revenue for the quarter was up 16.2% compared to the same quarter last year. As a group, research analysts predict 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. Stockholders of record on Thursday, May 1st will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 1st. This is an increase from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio is 25.38%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on AON. Piper Sandler upgraded AON from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $384.00 to $378.00 in a research note on Monday. 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 report on Monday, February 3rd. Redburn Atlantic upgraded shares of AON to a "hold" rating in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods decreased their target price on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $390.67.
View Our Latest Research Report on AON
About AON
(
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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