Envestnet Asset Management Inc. decreased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 368,560 shares of the financial services provider's stock after selling 6,590 shares during the quarter. Envestnet Asset Management Inc. owned 0.17% of AON worth $132,372,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in AON. Charles Schwab Investment Management Inc. lifted its stake in AON by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock valued at $444,563,000 after purchasing an additional 31,021 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of AON by 27.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock valued at $34,676,000 after acquiring an additional 20,942 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of AON by 5.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock valued at $9,530,000 after acquiring an additional 1,451 shares in the last quarter. Proficio Capital Partners LLC grew its position in AON by 43,000.8% during the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock worth $140,404,000 after acquiring an additional 390,017 shares during the last quarter. Finally, Aviva PLC increased its holdings in AON by 19.0% in the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock worth $91,859,000 after purchasing an additional 40,850 shares in the last quarter. Institutional investors own 86.14% of the company's stock.
AON Trading Up 1.7 %
AON stock traded up $6.24 during mid-day trading on Friday, reaching $375.26. The company's stock had a trading volume of 1,759,625 shares, compared to its average volume of 1,221,631. The company has a market cap of $81.06 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. The business's 50 day moving average price is $390.58 and its 200 day moving average price is $374.75. 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 (NYSE:AON - Get Free Report) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the prior year, the firm posted $3.89 EPS. On average, equities research analysts predict that Aon plc will post 17.21 EPS for the current year.
AON Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.745 dividend. This is an increase from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.79%. AON's dividend payout ratio (DPR) is currently 21.33%.
Analysts Set New Price Targets
A number of brokerages have recently commented on AON. Jefferies Financial Group lifted their price target on AON from $396.00 to $416.00 and gave the company a "hold" rating in a research note on Friday. Royal Bank of Canada boosted their target price on shares of AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Barclays decreased their price target on shares of AON from $440.00 to $430.00 and set an "overweight" rating for the company in a research report on Friday. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, Redburn Partners set a $445.00 price objective on AON in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $393.87.
View Our Latest Stock Analysis on AON
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.
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