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

Prudential Financial Inc. reduced its position in shares of Aon plc (NYSE:AON) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,642 shares of the financial services provider’s stock after selling 2,162 shares during the period. Prudential Financial Inc.’s holdings in AON were worth $9,928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AON. Endeavor Private Wealth Inc. acquired a new position in AON in the 4th quarter valued at approximately $29,000. Richardson Financial Services Inc. grew its stake in shares of AON by 2,025.0% in 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 last quarter. Millstone Evans Group LLC acquired a new stake in AON in the fourth quarter valued at $32,000. Anchor Investment Management LLC raised its position in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in shares of AON in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Down 1.3 %

NYSE AON opened at $394.22 on Friday. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The business has a 50 day moving average price of $388.72 and a 200-day moving average price of $372.06. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a market cap 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.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 business earned $3.89 EPS. As a group, equities analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio is currently 21.33%.

Analysts Set New Price Targets

A number of research firms recently commented on AON. Wells Fargo & Company lifted their price objective on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. 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. Royal Bank of Canada lifted their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods upped their price target on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Finally, Redburn Atlantic raised AON to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $386.21.

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.