Connable Office Inc. Has $728,000 Position in Aon plc (NYSE:AON)

Connable Office Inc. decreased its stake in shares of Aon plc (NYSE:AON - Free Report) by 39.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,028 shares of the financial services provider's stock after selling 1,330 shares during the period. Connable Office Inc.'s holdings in AON were worth $728,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of AON. Diamond Hill Capital Management Inc. acquired a new stake in shares of AON during the third quarter worth $336,375,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in AON by 5.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock worth $9,530,000 after acquiring an additional 1,451 shares during the period. Proficio Capital Partners LLC lifted its holdings in AON by 43,000.8% in the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock worth $140,404,000 after acquiring an additional 390,017 shares during the last quarter. State Street Corp boosted its stake in AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider's stock valued at $3,059,977,000 after acquiring an additional 32,417 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of AON by 13.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider's stock valued at $57,345,000 after purchasing an additional 20,084 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on AON. Barclays boosted their price objective on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Royal Bank of Canada upped their price target on shares of AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Piper Sandler upped their target price on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a research report on Friday, January 3rd. One equities 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 stock. Based on data from MarketBeat.com, AON has an average rating of "Hold" and a consensus price target of $386.21.

AON Price Performance

Shares of NYSE AON traded down $0.50 during midday trading on Wednesday, reaching $404.18. The company's stock had a trading volume of 1,459,207 shares, compared to its average volume of 1,082,524. The company has a market cap of $87.30 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. Aon plc has a one year low of $268.06 and a one year high of $412.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a 50 day moving average price of $374.76 and a 200 day moving average price of $365.64.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping 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 quarter last year, the firm posted $3.89 earnings per share. On average, equities research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.67%. AON's payout ratio is presently 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.