Siemens Fonds Invest GmbH Has $727,000 Stock Holdings in Aon plc (NYSE:AON)

Siemens Fonds Invest GmbH lessened its stake in Aon plc (NYSE:AON - Free Report) by 70.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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.

A number of other large investors have also recently added to or reduced their stakes in AON. Norges Bank bought a new position in AON during the 4th quarter worth approximately $596,665,000. Artisan Partners Limited Partnership raised its position in shares of AON by 86.7% during 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 acquiring an additional 960,204 shares in the last quarter. Geode Capital Management LLC lifted its stake in AON by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock worth $1,773,165,000 after purchasing an additional 627,742 shares during the last quarter. First Trust Advisors LP boosted its holdings in AON by 5,877.4% in the fourth quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider's stock worth $192,572,000 after purchasing an additional 527,204 shares during the period. Finally, Proficio Capital Partners LLC increased its stake in AON by 43,000.8% during the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock valued at $140,404,000 after purchasing an additional 390,017 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Stock Down 1.2%

AON stock traded down $4.52 during mid-day trading on Wednesday, hitting $357.91. The company's stock had a trading volume of 910,028 shares, compared to its average volume of 1,205,114. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a 52-week low of $275.07 and a 52-week high of $412.97. The firm's 50 day moving average is $371.70 and its 200 day moving average is $375.08. The company has a market cap of $77.29 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last issued its 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 company had revenue of $4.73 billion for 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 company's quarterly revenue was up 16.2% on a year-over-year basis. During the same period last year, the business earned $5.66 EPS. On average, analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.83%. The ex-dividend date was Thursday, May 1st. This is a positive change from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is presently 25.38%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Royal Bank of Canada lifted their price target on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 target price for the company in a research note on Tuesday, May 13th. Evercore ISI dropped their price target on AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Piper Sandler upgraded AON from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $384.00 to $378.00 in a research report on Monday, April 28th. Finally, Barclays dropped their target price on AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $391.75.

AON Company Profile

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.