Securian Asset Management Inc. Sells 370 Shares of Aon plc (NYSE:AON)

Securian Asset Management Inc. cut its holdings in shares of Aon plc (NYSE:AON) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,609 shares of the financial services provider’s stock after selling 370 shares during the period. Securian Asset Management Inc.’s holdings in AON were worth $4,169,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AON. Endeavor Private Wealth Inc. bought a new stake in AON in the 4th quarter worth about $29,000. Richardson Financial Services Inc. grew its position 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 grew its position 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. Centricity Wealth Management LLC bought a new stake in AON in the 4th quarter worth about $39,000. Finally, Kestra Investment Management LLC bought a new stake in AON in the 4th quarter worth about $39,000. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Piper Sandler increased their target price on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Royal Bank of Canada increased their target price on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Barclays increased their target price on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, AON currently has an average rating of “Hold” and an average price target of $386.21.

AON Stock Performance

Shares of AON stock opened at $398.02 on Thursday. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. 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 stock has a market capitalization of $85.97 billion, a P/E ratio of 31.44, a PEG ratio of 2.12 and a beta of 0.92. The firm’s 50 day moving average is $379.68 and its 200 day moving average is $368.12.

AON (NYSE:AON) last posted its earnings results 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 period in the previous year, the firm posted $3.89 EPS. On average, sell-side analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend 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.