Prudential PLC Acquires 3,489 Shares of Aon plc (NYSE:AON)

Prudential PLC boosted its holdings in Aon plc (NYSE:AON) by 89.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,376 shares of the financial services provider’s stock after purchasing an additional 3,489 shares during the quarter. Prudential PLC’s holdings in AON were worth $2,649,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AON. Endeavor Private Wealth Inc. purchased a new stake in shares of AON in the fourth quarter worth about $29,000. Richardson Financial Services Inc. increased its stake 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. Millstone Evans Group LLC purchased a new stake in shares of AON during the 4th quarter worth approximately $32,000. Anchor Investment Management LLC boosted its position in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in AON in the fourth quarter worth $39,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Trading Down 4.7 %

Shares of NYSE AON opened at $375.94 on Monday. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. 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 simple moving average of $391.32 and a two-hundred day simple moving average of $373.94. The firm has a market cap of $81.20 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the business posted $3.89 EPS. Analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio (DPR) is 21.33%.

Wall Street Analyst Weigh In

Several equities analysts have commented on AON shares. Wells Fargo & Company increased their price objective on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Piper Sandler boosted their price objective on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. 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 note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods boosted their target price on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.