Polen Capital Management LLC Sells 62,167 Shares of Aon plc (NYSE:AON)

Polen Capital Management LLC lowered its holdings in Aon plc (NYSE:AON - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 719,322 shares of the financial services provider's stock after selling 62,167 shares during the quarter. AON accounts for about 0.7% of Polen Capital Management LLC's investment portfolio, making the stock its 25th biggest position. Polen Capital Management LLC owned about 0.33% of AON worth $258,352,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new stake in AON in the fourth quarter valued at about $29,000. Richardson Financial Services Inc. increased its stake in AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 81 shares during the period. Anchor Investment Management LLC increased its stake in AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 93 shares during the period. Centricity Wealth Management LLC bought a new stake in AON in the fourth quarter valued at about $39,000. Finally, Kestra Investment Management LLC acquired a new position in AON in the fourth quarter valued at about $39,000. Institutional investors own 86.14% of the company's stock.

AON Trading Up 0.7 %

Shares of AON traded up $2.72 on Thursday, reaching $393.10. 855,329 shares of the company's stock were exchanged, compared to its average volume of 1,104,395. 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 stock has a market capitalization of $84.91 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The business has a 50 day moving average price of $383.79 and a two-hundred day moving average price of $369.93. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97.

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AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping 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 in the prior year, the business earned $3.89 earnings per share. Research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON's payout ratio is presently 21.33%.

Analyst Upgrades and Downgrades

AON has been the topic of a number of recent analyst reports. Barclays boosted 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. Royal Bank of Canada boosted their price target on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price target on shares of AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of AON from $379.00 to $394.00 and gave the company an "overweight" rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.