Fideuram Asset Management Ireland dac bought a new position in shares of Aon plc (NYSE:AON – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,182 shares of the financial services provider’s stock, valued at approximately $770,000.
Other institutional investors have also recently made changes to their positions in the company. Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of AON during the fourth quarter worth $4,305,000. Callan Family Office LLC raised its holdings in shares of AON by 220.7% during the third quarter. Callan Family Office LLC now owns 11,675 shares of the financial services provider’s stock worth $4,163,000 after purchasing an additional 8,034 shares during the last quarter. Caprock Group LLC purchased a new position in shares of AON during the third quarter worth $1,752,000. Veritas Asset Management LLP raised its holdings in shares of AON by 19.3% during the third quarter. Veritas Asset Management LLP now owns 2,053,673 shares of the financial services provider’s stock worth $732,299,000 after purchasing an additional 332,685 shares during the last quarter. Finally, Factory Mutual Insurance Co. raised its holdings in shares of AON by 10.9% during the third quarter. Factory Mutual Insurance Co. now owns 51,000 shares of the financial services provider’s stock worth $18,186,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Cantor Fitzgerald lifted their price objective on shares of AON from $393.00 to $412.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AON in a report on Tuesday, April 21st. Morgan Stanley cut their price objective on shares of AON from $380.00 to $370.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. JPMorgan Chase & Co. cut their price objective on shares of AON from $406.00 to $396.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $398.00 to $397.00 in a report on Friday, February 27th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $396.81.
AON Stock Down 0.8%
AON stock opened at $315.63 on Friday. The stock has a market capitalization of $67.41 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.66 and a beta of 0.72. The firm has a 50-day simple moving average of $321.71 and a 200-day simple moving average of $334.14. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36. Aon plc has a 52 week low of $304.59 and a 52 week high of $381.00.
AON (NYSE:AON – Get Free Report) last released its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.67 earnings per share. Equities analysts forecast that Aon plc will post 19.1 earnings per share for the current fiscal year.
AON Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a dividend of $0.82 per share. This is an increase from AON’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 1st. AON’s dividend payout ratio is presently 16.36%.
AON Profile
Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.
In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.
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