Stephens Inc. AR increased its holdings in Aon plc (NYSE:AON - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,756 shares of the financial services provider's stock after purchasing an additional 2,940 shares during the quarter. Stephens Inc. AR's holdings in AON were worth $15,068,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in AON by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider's stock valued at $7,010,714,000 after acquiring an additional 88,361 shares during the last quarter. Geode Capital Management LLC boosted its position 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 valued at $1,773,165,000 after acquiring an additional 627,742 shares during the last quarter. Bank of New York Mellon Corp boosted its position in AON by 18.3% during the first quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider's stock valued at $1,210,864,000 after acquiring an additional 469,238 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in AON by 2.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider's stock valued at $824,498,000 after acquiring an additional 64,720 shares during the last quarter. Finally, Northern Trust Corp boosted its position in AON by 9.3% during the fourth quarter. Northern Trust Corp now owns 2,158,943 shares of the financial services provider's stock valued at $775,406,000 after acquiring an additional 183,442 shares during the last quarter. Institutional investors own 86.14% of the company's stock.
AON Stock Performance
AON traded down $3.15 on Friday, hitting $355.85. The company's stock had a trading volume of 857,263 shares, compared to its average volume of 1,164,048. The company's 50 day simple moving average is $358.19 and its 200-day simple moving average is $370.67. The firm has a market cap of $76.84 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84. Aon plc has a 12 month low of $295.79 and a 12 month high of $412.97. 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 (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 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 firm's quarterly revenue was up 16.2% on a year-over-year basis. Analysts forecast that Aon plc will post 17.21 EPS 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 25.38%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a report on Monday, July 7th. Wells Fargo & Company upped their price objective on shares of AON from $436.00 to $438.00 and gave the company an "overweight" rating in a report on Thursday. Redburn Atlantic upgraded shares of AON to a "hold" rating in a report on Tuesday, March 25th. Evercore ISI lowered their target price on shares of AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods lowered their target price on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $403.00.
Get Our Latest Report on AON
AON Company 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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