First Pacific Advisors LP Decreases Stock Holdings in Aon plc (NYSE:AON)

First Pacific Advisors LP lowered its stake in shares of Aon plc (NYSE:AON - Free Report) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 728,493 shares of the financial services provider's stock after selling 5,495 shares during the period. AON makes up 3.7% of First Pacific Advisors LP's investment portfolio, making the stock its 11th biggest holding. First Pacific Advisors LP owned about 0.34% of AON worth $261,646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp increased its position in shares of AON by 0.4% during the third 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. Geode Capital Management LLC grew its position in AON by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider's stock worth $1,489,690,000 after purchasing an additional 38,447 shares in the last quarter. Bank of New York Mellon Corp grew its position in AON by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock worth $921,182,000 after purchasing an additional 343,592 shares in the last quarter. Cantillon Capital Management LLC grew its position in AON by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 1,323,228 shares of the financial services provider's stock worth $475,251,000 after purchasing an additional 7,010 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position 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 in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays upped their price objective on shares of AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods boosted their target price on shares of 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 boosted their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Royal Bank of Canada boosted their target price on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Finally, Piper Sandler boosted their target price on shares of AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. One research 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's stock. Based on data from MarketBeat.com, AON currently has an average rating of "Hold" and a consensus target price of $386.21.

AON Trading Down 1.2 %

Shares of AON stock traded down $4.74 during mid-day trading on Monday, reaching $398.36. The stock had a trading volume of 2,097,526 shares, compared to its average volume of 1,094,239. The stock's 50-day moving average price is $378.08 and its two-hundred day moving average price is $367.46. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The firm has a market capitalization of $86.05 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating analysts' consensus estimates 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 last year, the business posted $3.89 EPS. Equities analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. AON's dividend payout ratio is presently 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.