AGF Management Ltd. Sells 2,374 Shares of Aon plc (NYSE:AON)

AGF Management Ltd. cut its holdings in shares of Aon plc (NYSE:AON - Free Report) by 26.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,590 shares of the financial services provider's stock after selling 2,374 shares during the period. AGF Management Ltd.'s holdings in AON were worth $2,367,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in AON by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock valued at $444,563,000 after purchasing an additional 31,021 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in AON by 27.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock worth $34,676,000 after buying an additional 20,942 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in AON by 5.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock worth $9,530,000 after buying an additional 1,451 shares during the period. Proficio Capital Partners LLC boosted its position in AON by 43,000.8% during 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 position 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 worth $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.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AON shares. Evercore ISI raised AON from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Royal Bank of Canada increased their price target on shares of AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Piper Sandler lifted their price objective on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company increased their target price on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $386.21.

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AON Stock Down 1.1 %

Shares of AON opened at $393.75 on Friday. 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 company has a market capitalization of $85.05 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The business's 50 day moving average is $380.45 and its 200 day moving average is $368.30.

AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 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 prior year, the firm earned $3.89 EPS. Research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

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 of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. AON's payout ratio is 21.33%.

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.

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