Westpac Banking Corp Decreases Stake in Aon plc (NYSE:AON)

Westpac Banking Corp cut its stake in shares of Aon plc (NYSE:AON) by 13.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 628 shares of the financial services provider’s stock after selling 96 shares during the quarter. Westpac Banking Corp’s holdings in AON were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. acquired a new position in shares of AON in the fourth quarter valued at about $29,000. Richardson Financial Services Inc. increased its holdings 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 worth $30,000 after buying an additional 81 shares during the period. Millstone Evans Group LLC purchased a new position in AON during the 4th quarter worth approximately $32,000. Anchor Investment Management LLC boosted its holdings in shares of AON by 1,162.5% in the 3rd 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 during the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in shares of AON in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AON shares. Redburn Atlantic raised shares of AON to a “hold” rating in a report on Tuesday, March 25th. Wells Fargo & Company raised their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Royal Bank of Canada boosted their price target on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. One investment 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $386.21.

AON Trading Down 4.7 %

AON stock opened at $375.94 on Friday. The business’s 50-day moving average is $391.32 and its 200 day moving average is $373.59. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The stock has a market cap of $81.20 billion, a price-to-earnings ratio of 29.69, a PEG 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.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping 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 quarter in the previous year, the business earned $3.89 earnings per share. On average, sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.72%. AON’s payout ratio is presently 21.33%.

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.