Securian Asset Management Inc. Sells 370 Shares of Aon plc (NYSE:AON)

Securian Asset Management Inc. decreased its stake in Aon plc (NYSE:AON) by 3.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,609 shares of the financial services provider’s stock after selling 370 shares during the quarter. Securian Asset Management Inc.’s holdings in AON were worth $4,169,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new position in shares of AON in the 4th quarter worth $29,000. Richardson Financial Services Inc. grew its holdings in 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 last quarter. Anchor Investment Management LLC grew its holdings in AON by 1,162.5% in 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 during the last quarter. Centricity Wealth Management LLC bought a new stake in AON in the 4th quarter worth $39,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of AON in the 4th quarter worth about $39,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $398.02 on Thursday. The company has a 50 day moving average price of $379.68 and a 200-day moving average price of $368.12. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The firm has a market capitalization of $85.97 billion, a PE ratio of 31.44, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period last year, the firm earned $3.89 earnings per share. As a group, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.68%. AON’s dividend payout ratio (DPR) is 21.33%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AON. Royal Bank of Canada raised their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Barclays lifted their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Piper Sandler lifted their target price on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $386.21.

About AON

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.