Goldstream Capital Management Ltd Has $233,000 Stock Position in Aon plc (NYSE:AON)

Goldstream Capital Management Ltd cut its holdings in Aon plc (NYSE:AON) by 48.2% in the fourth quarter, HoldingsChannel reports. The firm owned 649 shares of the financial services provider’s stock after selling 605 shares during the period. Goldstream Capital Management Ltd’s holdings in AON were worth $233,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of AON by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider’s stock valued at $7,010,714,000 after purchasing an additional 88,361 shares during the last quarter. Geode Capital Management LLC grew its holdings in AON by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock valued at $1,773,165,000 after buying an additional 627,742 shares during the last quarter. Bank of New York Mellon Corp increased its position in AON by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock worth $921,182,000 after buying an additional 343,592 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of AON by 2.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider’s stock valued at $824,498,000 after acquiring an additional 64,720 shares during the period. Finally, Neuberger Berman Group LLC grew its stake in shares of AON by 4.2% in the fourth quarter. Neuberger Berman Group LLC now owns 2,123,862 shares of the financial services provider’s stock worth $762,796,000 after acquiring an additional 86,148 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AON shares. Barclays reduced their price target on shares of AON from $440.00 to $430.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods lifted their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Redburn Partners set a $445.00 price target on AON in a report on Tuesday, March 25th. JPMorgan Chase & Co. lifted their price objective on AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Finally, Redburn Atlantic raised AON to a “hold” rating in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $393.87.

AON Stock Down 1.5 %

NYSE AON opened at $367.08 on Monday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The stock has a market capitalization of $79.29 billion, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The stock has a fifty day moving average of $389.51 and a 200-day moving average of $375.67.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 quarter in the prior year, the business earned $3.89 earnings per share. On average, equities research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.745 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This is a boost from AON’s previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.81%. AON’s dividend payout ratio is 23.54%.

About AON

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.