Capitolis Liquid Global Markets LLC cut its position in Aon plc (NYSE:AON - Free Report) by 42.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,900 shares of the financial services provider's stock after selling 8,100 shares during the quarter. Capitolis Liquid Global Markets LLC's holdings in AON were worth $3,915,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AON. Endeavor Private Wealth Inc. bought a new position in AON in the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. boosted its position in AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after acquiring an additional 81 shares during the period. Millstone Evans Group LLC acquired a new position in shares of AON during the fourth quarter valued at $32,000. Centricity Wealth Management LLC bought a new stake in shares of AON during the fourth quarter valued at about $39,000. Finally, Kestra Investment Management LLC acquired a new stake in AON in the fourth quarter worth about $39,000. 86.14% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have commented on AON shares. JPMorgan Chase & Co. boosted their price target on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Barclays cut their target price on AON from $430.00 to $415.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Jefferies Financial Group boosted their price objective on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Wells Fargo & Company raised their target price on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Redburn Partners set a $445.00 price target on shares of AON in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, AON currently has an average rating of "Hold" and a consensus price target of $390.67.
Get Our Latest Analysis on AON
AON Stock Down 0.1 %
NYSE:AON opened at $355.74 on Tuesday. Aon plc has a 1-year low of $275.07 and a 1-year high of $412.97. The firm has a market capitalization of $76.82 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.12 and a beta of 0.89. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The business's fifty day moving average price is $381.45 and its 200 day moving average price is $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 earnings per share (EPS) 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 period last year, the company earned $5.66 earnings per share. AON's revenue for the quarter was up 16.2% compared to the same quarter last year. On average, sell-side analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.
AON Increases Dividend
The business 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 dividend of $0.745 per share. This is a boost from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 1st. AON's payout ratio is currently 25.38%.
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.
Further Reading
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