MML Investors Services LLC cut its stake in shares of Aon plc (NYSE:AON - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,451 shares of the financial services provider's stock after selling 842 shares during the quarter. MML Investors Services LLC's holdings in AON were worth $4,472,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of AON. Endeavor Private Wealth Inc. bought a new stake in AON during the 4th quarter valued at $29,000. Richardson Financial Services Inc. raised its holdings in shares of AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 81 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in AON in the fourth quarter worth about $32,000. Anchor Investment Management LLC grew its holdings in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after acquiring an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in AON during the 4th quarter valued at about $39,000. Institutional investors own 86.14% of the company's stock.
AON Stock Performance
Shares of AON traded down $0.40 during trading hours on Thursday, reaching $353.65. 266,952 shares of the company traded hands, compared to its average volume of 1,230,339. The stock has a market capitalization of $76.37 billion, a P/E ratio of 27.98, a P/E/G ratio of 2.12 and a beta of 0.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The business has a fifty day moving average price of $383.95 and a 200-day moving average price of $375.51. Aon plc has a 12-month low of $275.07 and a 12-month high of $412.97.
AON (NYSE:AON - Get Free Report) last announced 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 firm had revenue of $4.73 billion during 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 firm's revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the prior year, the company posted $5.66 earnings per share. Equities analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.
AON Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.745 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. This is an increase from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio is currently 25.38%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on AON shares. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $384.00 to $378.00 in a research note on Monday. 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. Redburn Atlantic raised AON to a "hold" rating in a research report on Tuesday, March 25th. Royal Bank of Canada raised their price objective on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods reduced their target price on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $390.67.
View Our Latest 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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