Empowered Funds LLC raised its stake in shares of Aon plc (NYSE:AON - Free Report) by 28.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,969 shares of the financial services provider's stock after buying an additional 1,114 shares during the quarter. Empowered Funds LLC's holdings in AON were worth $1,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Endeavor Private Wealth Inc. purchased a new stake in AON during the fourth quarter worth $29,000. Richardson Financial Services Inc. lifted its position in AON by 2,025.0% during 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 period. Anchor Investment Management LLC increased 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 buying an additional 93 shares during the period. First Personal Financial Services acquired a new position in AON during the third quarter valued at $37,000. Finally, R Squared Ltd purchased a new stake in shares of AON in the fourth quarter worth about $43,000. 86.14% of the stock is currently owned by institutional investors.
In other news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the sale, the insider now owns 8,077 shares in the company, valued at $3,131,291.36. The trade was a 13.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mindy F. Simon sold 650 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now owns 1,816 shares of the company's stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.
Several analysts have commented on the company. Barclays raised their price objective on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Piper Sandler lifted their price target on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. TD Cowen increased their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Finally, BMO Capital Markets lifted their target price on shares of AON from $325.00 to $380.00 and gave the company a "market perform" rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, AON presently has an average rating of "Hold" and an average target price of $386.21.
View Our Latest Stock Report on AON
AON traded down $3.07 on Friday, hitting $387.22. 740,415 shares of the company's stock were exchanged, compared to its average volume of 1,078,050. The firm has a market cap of $83.74 billion, a PE ratio of 30.59, a P/E/G ratio of 2.09 and a beta of 0.93. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The stock has a fifty day moving average of $365.76 and a two-hundred day moving average of $359.57.
AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating 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 last year, the firm earned $3.89 EPS. On average, research analysts anticipate that Aon plc will post 17.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.70%. AON's dividend payout ratio is 21.33%.
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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