American Century Companies Inc. Has $10.79 Million Position in Aon plc (NYSE:AON)

American Century Companies Inc. trimmed its holdings in Aon plc (NYSE:AON) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,050 shares of the financial services provider’s stock after selling 3,215 shares during the period. American Century Companies Inc.’s holdings in AON were worth $10,793,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Endeavor Private Wealth Inc. bought a new stake in shares of AON in the 4th quarter worth $29,000. Richardson Financial Services Inc. increased 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 buying an additional 81 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of AON in the 4th quarter worth approximately $32,000. Anchor Investment Management LLC grew 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 acquiring an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in AON during the fourth quarter worth $39,000. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on AON. Redburn Atlantic upgraded shares of AON to a “hold” rating in a research report on Tuesday, March 25th. Piper Sandler lifted their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. increased their price objective on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods boosted their target price on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company lifted their price objective on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Stock Down 0.7 %

AON opened at $396.11 on Thursday. The firm has a market capitalization of $85.56 billion, a P/E ratio of 31.29, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. Aon plc has a one year low of $268.06 and a one year high of $412.97. The company has a fifty day moving average price of $390.57 and a 200-day moving average price of $373.27. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

AON (NYSE:AON) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts’ consensus estimates 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 earnings per share. Equities research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. AON’s dividend payout ratio (DPR) 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.