Snowden Capital Advisors LLC lessened its holdings in shares of Aon plc (NYSE:AON - Free Report) by 24.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,713 shares of the financial services provider's stock after selling 1,201 shares during the quarter. Snowden Capital Advisors LLC's holdings in AON were worth $1,334,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Endeavor Private Wealth Inc. bought a new position in AON in the 4th quarter valued at about $29,000. Richardson Financial Services Inc. lifted its stake in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after acquiring an additional 81 shares during the period. Millstone Evans Group LLC bought a new position in shares of AON in the fourth quarter valued at approximately $32,000. Centricity Wealth Management LLC acquired a new position in shares of AON during the fourth quarter valued at approximately $39,000. Finally, Kestra Investment Management LLC bought a new stake in AON during the fourth quarter worth approximately $39,000. Institutional investors own 86.14% of the company's stock.
AON Stock Down 0.8%
Shares of NYSE AON traded down $2.69 during mid-day trading on Thursday, reaching $355.37. The company had a trading volume of 811,624 shares, compared to its average volume of 1,203,546. The stock has a market capitalization of $76.74 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. Aon plc has a twelve month low of $275.07 and a twelve month high of $412.97. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The stock's 50 day moving average is $370.87 and its 200-day moving average is $374.96.
AON (NYSE:AON - Get Free Report) last released its quarterly earnings data 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 return on equity of 70.84% and a net margin of 16.91%. The company's quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.66 EPS. As a group, equities analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal 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 paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Thursday, May 1st. This is a positive change from AON's previous quarterly dividend of $0.68. AON's payout ratio is presently 25.38%.
Analyst Upgrades and Downgrades
AON has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their price objective on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Redburn Partners set a $445.00 target price on AON in a report on Tuesday, March 25th. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and cut their price target for the company from $384.00 to $378.00 in a report on Monday, April 28th. JPMorgan Chase & Co. lifted their price objective 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 report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, AON presently has a consensus rating of "Hold" and an average target price of $391.75.
Check Out 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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