AXA S.A. lowered its position in Aon plc (NYSE:AON - Free Report) by 20.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,326 shares of the financial services provider's stock after selling 12,837 shares during the period. AXA S.A.'s holdings in AON were worth $18,075,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. World Investment Advisors LLC purchased a new stake in shares of AON in the 3rd quarter worth about $275,000. B. Riley Wealth Advisors Inc. increased its stake in shares of AON by 24.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 872 shares of the financial services provider's stock valued at $302,000 after purchasing an additional 170 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of AON by 47.1% during the fourth quarter. Versant Capital Management Inc now owns 275 shares of the financial services provider's stock valued at $99,000 after purchasing an additional 88 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of AON by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 1,347 shares of the financial services provider's stock worth $484,000 after buying an additional 467 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in AON by 2.7% during the 4th quarter. Nordea Investment Management AB now owns 15,952 shares of the financial services provider's stock valued at $5,714,000 after buying an additional 413 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.
AON Stock Performance
Shares of NYSE AON traded down $3.01 during trading on Friday, hitting $354.10. The company had a trading volume of 747,874 shares, compared to its average volume of 1,213,622. The stock has a 50 day simple moving average of $377.50 and a 200 day simple moving average of $375.54. The firm has a market capitalization of $76.46 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. 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 plc has a 12 month low of $275.07 and a 12 month high of $412.97.
AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). The firm had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The firm's revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.66 earnings per share. As a group, analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.
AON Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, May 1st. This is an increase from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is 25.38%.
Analyst Upgrades and Downgrades
AON has been the topic of a number of recent research reports. Wells Fargo & Company increased their target price 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 decreased their target price on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Jefferies Financial Group raised their price target on shares of AON from $396.00 to $416.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Royal Bank of Canada upped their price objective on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price target on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $390.67.
Get 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.
See Also
Before you consider AON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AON wasn't on the list.
While AON currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
