Cannell & Spears LLC Sells 15,644 Shares of Aon plc (NYSE:AON)

Cannell & Spears LLC lessened its holdings in shares of Aon plc (NYSE:AON - Free Report) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,010 shares of the financial services provider's stock after selling 15,644 shares during the period. Cannell & Spears LLC owned approximately 0.05% of AON worth $41,666,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AON. V Square Quantitative Management LLC increased its holdings in shares of AON by 1.3% in the 4th quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider's stock valued at $840,000 after purchasing an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in AON by 5.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider's stock valued at $242,000 after buying an additional 33 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of AON by 0.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider's stock valued at $1,326,000 after acquiring an additional 33 shares during the period. Moors & Cabot Inc. boosted its stake in shares of AON by 3.0% during the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock worth $406,000 after acquiring an additional 33 shares in the last quarter. Finally, Sandy Cove Advisors LLC increased its stake in AON by 3.5% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,004 shares of the financial services provider's stock valued at $361,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Stock Down 3.3 %

AON traded down $12.99 during trading on Friday, hitting $381.31. The company had a trading volume of 780,771 shares, compared to its average volume of 1,154,678. The company has a market cap of $82.36 billion, a PE ratio of 30.11, a P/E/G ratio of 2.12 and a beta of 0.92. The business has a 50-day moving average of $391.18 and a 200-day moving average of $373.42. 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 plc has a 1-year low of $268.06 and a 1-year high of $412.97.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating 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 posted $3.89 EPS. As a group, analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Monday, February 3rd. AON's payout ratio is currently 21.33%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AON shares. Piper Sandler boosted their target price on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Wells Fargo & Company raised their target price on shares of AON from $410.00 to $445.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Redburn Atlantic raised shares of AON to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. upped their target price on AON from $379.00 to $394.00 and gave the company an "overweight" rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada raised their price target on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $386.21.

AON Company 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.