Aon plc (NYSE:AON) Stock Holdings Trimmed by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. decreased its position in shares of Aon plc (NYSE:AON) by 4.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,960 shares of the financial services provider’s stock after selling 280 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in AON were worth $2,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AON. Endeavor Private Wealth Inc. bought a new stake in AON during the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. boosted its position in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares during the period. Millstone Evans Group LLC acquired a new stake in AON during the 4th quarter worth about $32,000. Anchor Investment Management LLC lifted its stake in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after buying an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in shares of AON in the fourth quarter worth approximately $39,000. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AON has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price objective on shares of AON from $396.00 to $416.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Evercore ISI upgraded 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. raised their price objective on AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Barclays reduced their price target on shares of AON from $440.00 to $430.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Finally, Royal Bank of Canada upped their price objective on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $393.87.

AON Stock Up 3.5 %

AON stock opened at $368.53 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market cap of $79.60 billion, a PE ratio of 29.11, a PEG ratio of 2.12 and a beta of 0.82. The company has a fifty day simple moving average of $388.46 and a 200 day simple moving average of $375.68. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings data 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 prior year, the company posted $3.89 earnings per share. Sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

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