Prudential Financial Inc. Has $9.93 Million Position in Aon plc (NYSE:AON)

Prudential Financial Inc. trimmed its position in Aon plc (NYSE:AON) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,642 shares of the financial services provider’s stock after selling 2,162 shares during the quarter. Prudential Financial Inc.’s holdings in AON were worth $9,928,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new stake in AON in the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. raised 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 valued at $30,000 after acquiring an additional 81 shares during the period. Millstone Evans Group LLC bought a new position in AON during the fourth quarter worth $32,000. Anchor Investment Management LLC increased its holdings 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 purchasing an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new position in shares of AON in the fourth quarter valued at about $39,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Performance

NYSE AON opened at $394.22 on Friday. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The firm has a market capitalization of $85.15 billion, a price-to-earnings ratio of 31.14, a P/E/G ratio of 2.12 and a beta of 0.92. 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’s 50 day simple moving average is $388.72 and its 200 day simple moving average is $372.06.

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

AON Dividend Announcement

The business also recently declared 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. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 21.33%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Royal Bank of Canada upped their price target 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. Piper Sandler upped their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Redburn Atlantic raised AON to a “hold” rating in a report on Tuesday. Wells Fargo & Company upped their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.