Amundi Has $262.11 Million Stock Position in Aon plc (NYSE:AON)

Amundi lifted its holdings in shares of Aon plc (NYSE:AON) by 10.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 743,665 shares of the financial services provider’s stock after acquiring an additional 68,143 shares during the period. Amundi’s holdings in AON were worth $262,105,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new position in shares of AON during the 4th quarter worth $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 purchasing an additional 81 shares in the last quarter. Anchor Investment Management LLC increased its holdings in AON by 1,162.5% in 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 in the last quarter. First Personal Financial Services acquired a new position in AON in the 3rd quarter worth about $37,000. Finally, Centricity Wealth Management LLC acquired a new position in AON in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the subject of a number of recent research reports. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Barclays upped their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Wells Fargo & Company upped 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. JPMorgan Chase & Co. upped their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Finally, Piper Sandler increased their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $386.21.

AON Stock Up 0.3 %

Shares of AON stock opened at $402.94 on Friday. Aon plc has a one year low of $268.06 and a one year high of $412.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock’s 50-day moving average is $377.28 and its 200 day moving average is $366.85. The firm has a market cap of $87.03 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 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 quarter last year, the business posted $3.89 EPS. Equities research analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.67%. AON’s payout ratio is 21.33%.

AON Company 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.