DAVENPORT & Co LLC trimmed its holdings in shares of Aon plc (NYSE:AON - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 276,133 shares of the financial services provider's stock after selling 2,000 shares during the quarter. DAVENPORT & Co LLC owned approximately 0.13% of AON worth $109,878,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Norges Bank bought a new position in shares of AON in the 4th quarter worth $596,665,000. Artisan Partners Limited Partnership raised its holdings in AON by 86.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock worth $742,582,000 after purchasing an additional 960,204 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of AON by 56,460.0% during the first quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider's stock valued at $304,052,000 after buying an additional 760,516 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of AON by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock valued at $1,773,165,000 after buying an additional 627,742 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of AON by 5,877.4% in the 4th quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider's stock worth $192,572,000 after buying an additional 527,204 shares during the last quarter. Institutional investors own 86.14% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $384.00 to $378.00 in a research report on Monday, April 28th. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective for the company in a report on Tuesday, May 13th. Redburn Atlantic raised AON to a "hold" rating in a research report on Tuesday, March 25th. Redburn Partners set a $445.00 target price on AON in a research report on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods lowered their price target on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $397.27.
Get Our Latest Stock Report on AON
AON Stock Performance
Shares of NYSE:AON traded up $3.54 during trading on Friday, hitting $355.09. The stock had a trading volume of 640,714 shares, compared to its average volume of 1,159,375. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26. Aon plc has a 12-month low of $292.37 and a 12-month high of $412.97. The stock has a market capitalization of $76.68 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84. The stock has a 50-day simple moving average of $357.74 and a two-hundred day simple moving average of $370.64.
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). The business had revenue of $4.73 billion for the quarter, compared to analysts' expectations of $4.83 billion. AON had a return on equity of 52.71% and a net margin of 15.58%. The business's quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the business posted $5.66 earnings per share. On average, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.
AON Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a $0.745 dividend. 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 was Thursday, May 1st. AON's payout ratio 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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