Aon plc (NYSE:AON) Stock Holdings Lessened by Freedom Investment Management Inc.

Freedom Investment Management Inc. lowered its position in Aon plc (NYSE:AON) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,165 shares of the financial services provider’s stock after selling 323 shares during the quarter. Freedom Investment Management Inc.’s holdings in AON were worth $1,137,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AON. Vanguard Group Inc. increased its holdings in shares of 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 during the last quarter. Geode Capital Management LLC lifted its position in shares of AON by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock worth $1,773,165,000 after acquiring an additional 627,742 shares during the period. Bank of New York Mellon Corp boosted its stake in AON by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock worth $921,182,000 after buying an additional 343,592 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in AON by 2.9% in the fourth 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 during the period. Finally, Neuberger Berman Group LLC grew its stake in shares of AON by 4.2% in the 4th quarter. Neuberger Berman Group LLC now owns 2,123,862 shares of the financial services provider’s stock valued at $762,796,000 after purchasing an additional 86,148 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Stock Down 1.5 %

AON stock opened at $367.08 on Friday. The company has a market cap of $79.29 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 2.12 and a beta of 0.82. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The business has a 50 day moving average price of $389.51 and a two-hundred day moving average price of $375.29. 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 issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 quarter in the prior year, the business earned $3.89 EPS. 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. This represents a $2.98 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, May 1st. This is an increase from AON’s previous quarterly dividend of $0.68. AON’s payout ratio is 23.54%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price objective on AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Piper Sandler raised their price target on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company increased their price target on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, AON presently has a consensus rating of “Hold” and an average target price of $393.87.

AON Company Profile

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.