Citizens Financial Group Inc. RI Sells 394 Shares of Aon plc (NYSE:AON)

Citizens Financial Group Inc. RI lowered its stake in Aon plc (NYSE:AON) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,181 shares of the financial services provider’s stock after selling 394 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in AON were worth $9,044,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in AON by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock worth $444,563,000 after purchasing an additional 31,021 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in shares of AON in the 3rd quarter valued at about $336,375,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of AON by 5.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock valued at $9,530,000 after acquiring an additional 1,451 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of AON by 43,000.8% in the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after acquiring an additional 390,017 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after acquiring an additional 32,417 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on AON. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and raised their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Keefe, Bruyette & Woods raised their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Wells Fargo & Company raised their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. raised 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. Finally, Barclays raised their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, AON has an average rating of “Hold” and a consensus price target of $386.21.

AON Price Performance

Shares of AON stock opened at $398.36 on Tuesday. 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 business’s 50 day simple moving average is $378.08 and its two-hundred day simple moving average is $367.46. The stock has a market capitalization of $86.05 billion, a P/E ratio of 31.47, 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.

AON (NYSE:AON) last issued its quarterly earnings data 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 return on equity of 70.84% and a net margin of 16.91%. During the same period last year, the company posted $3.89 EPS. Analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. AON’s dividend payout ratio is currently 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.