Commonwealth Equity Services LLC Reduces Stock Position in Aon plc (NYSE:AON)

Commonwealth Equity Services LLC reduced its position in shares of Aon plc (NYSE:AON - Free Report) by 27.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,903 shares of the financial services provider's stock after selling 10,013 shares during the quarter. Commonwealth Equity Services LLC's holdings in AON were worth $9,662,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new stake in AON during the 4th quarter valued at $29,000. Richardson Financial Services Inc. raised its holdings in AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after buying an additional 81 shares during the last quarter. Anchor Investment Management LLC raised its holdings in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after buying an additional 93 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in AON during the 4th quarter valued at $39,000. Finally, Kestra Investment Management LLC bought a new stake in AON during the 4th quarter valued at $39,000. 86.14% of the stock is currently owned by institutional investors.

AON Stock Down 0.8 %

AON stock traded down $3.15 during trading on Friday, hitting $390.02. 1,359,525 shares of the stock traded hands, compared to its average volume of 1,108,204. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The firm's 50 day moving average is $385.41 and its two-hundred day moving average is $370.58. The stock has a market cap of $84.24 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

Remove Ads

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS 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 quarter in the prior year, the business posted $3.89 EPS. On average, sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Monday, February 3rd. AON's dividend payout ratio (DPR) is 21.33%.

Analysts Set New Price Targets

AON has been the subject of several research reports. Royal Bank of Canada upped their price objective on shares of AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Piper Sandler upped their price objective on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price objective on shares of AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company upped their price objective on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $386.21.

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.