Siemens Fonds Invest GmbH reduced its holdings in shares of Aon plc (NYSE:AON - Free Report) by 70.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,025 shares of the financial services provider's stock after selling 4,780 shares during the period. Siemens Fonds Invest GmbH's holdings in AON were worth $727,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. Heck Capital Advisors LLC acquired a new stake in shares of AON during the 4th quarter valued at about $1,039,000. Armis Advisers LLC acquired a new position in AON in the fourth quarter valued at about $235,000. Ameriflex Group Inc. acquired a new position in AON in the fourth quarter valued at about $93,000. Forum Financial Management LP boosted its position in AON by 4.4% in the fourth quarter. Forum Financial Management LP now owns 950 shares of the financial services provider's stock valued at $341,000 after buying an additional 40 shares in the last quarter. Finally, GTS Securities LLC boosted its position in AON by 25.8% in the fourth quarter. GTS Securities LLC now owns 1,592 shares of the financial services provider's stock valued at $572,000 after buying an additional 327 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have commented on AON shares. Keefe, Bruyette & Woods reduced their price target on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Evercore ISI reduced their price target on shares of AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a research report on Tuesday, May 13th. JPMorgan Chase & Co. boosted their target price on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group boosted their target price on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $397.27.
Get Our Latest Analysis on AON
AON Stock Up 1.4%
AON traded up $5.16 during trading hours on Friday, hitting $372.08. 1,849,194 shares of the company's stock were exchanged, compared to its average volume of 1,198,236. The stock has a market cap of $80.35 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 2.12 and a beta of 0.89. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock's 50-day moving average is $366.68 and its two-hundred day moving average is $374.19. Aon plc has a 1-year low of $276.76 and a 1-year high of $412.97.
AON (NYSE:AON - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The business's revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.66 EPS. Sell-side analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.
AON Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.745 dividend. The ex-dividend date was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.80%. This is a boost from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is currently 25.38%.
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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