Kathmere Capital Management LLC lessened its holdings in Aon plc (NYSE:AON - Free Report) by 9.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,533 shares of the financial services provider's stock after selling 914 shares during the quarter. Kathmere Capital Management LLC's holdings in AON were worth $3,405,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of AON. Norges Bank acquired a new stake in shares of AON in the 4th quarter valued at $596,665,000. Artisan Partners Limited Partnership boosted its holdings in shares of AON by 86.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock valued at $742,582,000 after purchasing an additional 960,204 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of AON by 56,460.0% during the 1st quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider's stock valued at $304,052,000 after acquiring an additional 760,516 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of AON by 14.5% during 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 acquiring an additional 627,742 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of AON by 5,877.4% during the 4th quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider's stock valued at $192,572,000 after acquiring an additional 527,204 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.
Analysts Set New Price Targets
AON has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $384.00 to $378.00 in a report on Monday, April 28th. Wells Fargo & Company raised their price objective on AON from $436.00 to $438.00 and gave the company an "overweight" rating in a report on Thursday. Barclays cut their price objective on AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a report on Monday, July 7th. Finally, Redburn Atlantic raised AON to a "hold" rating in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, AON presently has an average rating of "Hold" and an average price target of $403.00.
Get Our Latest Stock Analysis on AON
AON Stock Performance
AON stock opened at $355.85 on Friday. The stock has a 50-day moving average price of $358.19 and a 200-day moving average price of $370.60. Aon plc has a 1-year low of $295.79 and a 1-year high of $412.97. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.26. The firm has a market cap of $76.84 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84.
AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a return on equity of 52.71% and a net margin of 15.58%. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. During the same period last year, the business posted $5.66 earnings per share. The business's revenue was up 16.2% on a year-over-year basis. As a group, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current year.
AON Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.84%. 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.
See Also
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