Gotham Asset Management LLC increased its position in Aon plc (NYSE:AON - Free Report) by 38.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,779 shares of the financial services provider's stock after purchasing an additional 4,939 shares during the quarter. Gotham Asset Management LLC's holdings in AON were worth $6,386,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in AON by 0.5% during the 4th 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 in the last quarter. Geode Capital Management LLC boosted its position in 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. Bank of New York Mellon Corp boosted its position in AON by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock valued at $921,182,000 after acquiring an additional 343,592 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in AON by 2.9% during the 4th 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 in the last quarter. Finally, Northern Trust Corp boosted its position in AON by 9.3% during the 4th 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 in the last quarter. Institutional investors own 86.14% of the company's stock.
AON Stock Performance
Shares of NYSE AON traded up $3.51 during trading on Friday, reaching $362.10. 1,096,937 shares of the company traded hands, compared to its average volume of 1,208,604. The firm's fifty day simple moving average is $372.99 and its 200 day simple moving average is $375.07. The stock has a market cap of $78.19 billion, a P/E ratio of 28.60, a PEG ratio of 2.12 and a beta of 0.89. Aon plc has a 12-month low of $275.07 and a 12-month high of $412.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.
AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share 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 analysts' expectations of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The business's quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.66 EPS. As a group, research analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.
AON Increases Dividend
The firm also recently declared 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 0.82%. 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 currently 25.38%.
Analyst Ratings Changes
Several analysts have recently commented on the company. Redburn Atlantic upgraded AON to a "hold" rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. increased 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. 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. Wells Fargo & Company increased their price objective on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Evercore ISI decreased their price objective on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a report on Monday, April 28th. One 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $391.75.
Check Out Our Latest Stock Report 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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