Ieq Capital LLC Sells 5,007 Shares of Aon plc (NYSE:AON)

Ieq Capital LLC lowered its stake in shares of Aon plc (NYSE:AON - Free Report) by 38.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,134 shares of the financial services provider's stock after selling 5,007 shares during the period. Ieq Capital LLC's holdings in AON were worth $2,921,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Global Retirement Partners LLC increased its position in AON by 21.2% in the 4th quarter. Global Retirement Partners LLC now owns 2,266 shares of the financial services provider's stock worth $814,000 after purchasing an additional 397 shares during the last quarter. New York State Common Retirement Fund increased its holdings in AON by 0.6% in the fourth quarter. New York State Common Retirement Fund now owns 281,501 shares of the financial services provider's stock worth $101,104,000 after buying an additional 1,553 shares during the last quarter. Kestra Investment Management LLC bought a new position in AON during the fourth quarter valued at approximately $39,000. CIBC Asset Management Inc lifted its stake in AON by 1.1% in the fourth quarter. CIBC Asset Management Inc now owns 188,201 shares of the financial services provider's stock valued at $67,522,000 after acquiring an additional 2,045 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its stake in shares of AON by 59.2% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock worth $130,000 after purchasing an additional 135 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AON

In related news, COO Mindy F. Simon sold 650 shares of the business's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares of the company's stock, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the sale, the insider now owns 8,077 shares in the company, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

AON Stock Performance

Shares of NYSE:AON traded up $4.81 on Monday, hitting $394.37. 263,145 shares of the company were exchanged, compared to its average volume of 1,017,018. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. The company's 50 day moving average price is $368.55 and its two-hundred day moving average price is $362.06. Aon plc has a one year low of $268.06 and a one year high of $396.15. The firm has a market capitalization of $85.19 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 2.14 and a beta of 0.93.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results 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 return on equity of 70.84% and a net margin of 16.91%. During the same period in the previous year, the business posted $3.89 earnings per share. Research analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. AON's dividend payout ratio is currently 21.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AON shares. BMO Capital Markets upped their price objective on shares of AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a report on Monday, November 4th. Piper Sandler upped their price target on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Wells Fargo & Company raised their price objective on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. upped their target price on AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a research report on Friday, January 3rd. Finally, Barclays lifted their price target on shares of AON from $394.00 to $440.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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.