Callan Family Office LLC Takes Position in Aon plc (NYSE:AON)

Callan Family Office LLC bought a new position in shares of Aon plc (NYSE:AON - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,410 shares of the financial services provider's stock, valued at approximately $506,000.

Several other hedge funds have also recently bought and sold shares of AON. CWA Asset Management Group LLC purchased a new stake in shares of AON in the third quarter valued at $640,000. Assetmark Inc. boosted its position in shares of AON by 8.1% in the third quarter. Assetmark Inc. now owns 8,044 shares of the financial services provider's stock worth $2,783,000 after buying an additional 606 shares during the period. First Personal Financial Services acquired a new position in shares of AON in the third quarter worth about $37,000. Carr Financial Group Corp acquired a new position in shares of AON in the third quarter worth about $234,000. Finally, Mesirow Financial Investment Management Inc. raised its stake in AON by 62.6% during the third quarter. Mesirow Financial Investment Management Inc. now owns 6,003 shares of the financial services provider's stock valued at $2,077,000 after buying an additional 2,311 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on AON from $379.00 to $394.00 and gave the company an "overweight" rating in a report on Friday, January 3rd. Royal Bank of Canada upped their target price on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. Piper Sandler upped their target price on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods upped their target price on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company increased their price objective on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, AON currently has a consensus rating of "Hold" and an average price target of $386.21.

Remove Ads

AON Price Performance

Shares of NYSE:AON traded down $1.72 on Wednesday, reaching $398.02. 1,573,826 shares of the company traded hands, compared to its average volume of 1,102,522. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $425.00. The company's 50 day moving average is $379.68 and its 200-day moving average is $368.12. The stock has a market capitalization of $85.97 billion, a PE ratio of 31.44, a P/E/G 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.

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 analysts' consensus estimates 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 in the prior year, the firm posted $3.89 earnings per share. As a group, analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

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

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.