Bank of Montreal Can Lowers Stock Holdings in Aon plc (NYSE:AON)

Bank of Montreal Can trimmed its position in Aon plc (NYSE:AON - Free Report) by 35.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 363,483 shares of the financial services provider's stock after selling 196,510 shares during the quarter. Bank of Montreal Can owned about 0.17% of AON worth $130,549,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Endeavor Private Wealth Inc. acquired a new position in AON in the fourth quarter valued at about $29,000. Richardson Financial Services Inc. raised its stake in shares of 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 acquiring an additional 81 shares during the period. Millstone Evans Group LLC purchased a new position in shares of AON during the 4th quarter worth approximately $32,000. Anchor Investment Management LLC increased its holdings 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 valued at $35,000 after purchasing an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in AON in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AON shares. Keefe, Bruyette & Woods lifted their price objective on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Redburn Partners set a $445.00 price target on shares of AON in a research note on Tuesday, March 25th. Piper Sandler increased their price target on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada lifted 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. One equities research analyst has rated the stock with a sell rating, eight 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 target price of $393.87.

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AON Stock Performance

Shares of AON stock traded up $6.24 during mid-day trading on Friday, hitting $375.26. 1,759,625 shares of the stock were exchanged, compared to its average volume of 1,221,631. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $81.06 billion, a price-to-earnings ratio of 29.64, a P/E/G ratio of 2.12 and a beta of 0.82. The stock's fifty day simple moving average is $390.58 and its two-hundred day simple moving average is $374.75.

AON (NYSE:AON - Get Free Report) last released its quarterly 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 return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the business earned $3.89 EPS. On average, analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.745 per share. This is an increase from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a yield of 0.79%. 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.