NFJ Investment Group LLC Sells 42 Shares of Aon plc (NYSE:AON)

NFJ Investment Group LLC decreased its holdings in Aon plc (NYSE:AON) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,294 shares of the financial services provider’s stock after selling 42 shares during the period. NFJ Investment Group LLC’s holdings in AON were worth $1,542,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AON. Endeavor Private Wealth Inc. acquired a new stake in shares of AON during the 4th quarter worth about $29,000. Richardson Financial Services Inc. increased its stake in shares of AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 81 shares during the period. Millstone Evans Group LLC bought a new position in AON during the 4th quarter worth $32,000. Anchor Investment Management LLC grew its stake in shares of AON by 1,162.5% in the third 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 in the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in AON in the 4th quarter valued at about $39,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price target on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Redburn Partners set a $445.00 price objective on shares of AON in a research note on Tuesday, March 25th. JPMorgan Chase & Co. increased their price target on shares of AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Royal Bank of Canada raised their target price on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Finally, Piper Sandler raised their price objective on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $393.87.

AON Stock Down 1.5 %

AON stock opened at $367.08 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $412.97. The stock’s 50 day simple moving average is $389.85 and its 200 day simple moving average is $375.16. The company has a market cap of $79.29 billion, a P/E ratio of 29.00, 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 analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the previous year, the company posted $3.89 EPS. On average, research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, May 1st. This is an increase from AON’s previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.81%. AON’s payout ratio is presently 23.54%.

AON 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.