Thoroughbred Financial Services LLC Decreases Holdings in Aon plc (NYSE:AON)

Thoroughbred Financial Services LLC lessened its stake in Aon plc (NYSE:AON - Free Report) by 39.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,135 shares of the financial services provider's stock after selling 727 shares during the quarter. Thoroughbred Financial Services LLC's holdings in AON were worth $407,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AON. V Square Quantitative Management LLC increased its holdings in AON by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider's stock valued at $840,000 after buying an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in AON by 5.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider's stock valued at $242,000 after purchasing an additional 33 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in AON by 0.9% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider's stock worth $1,326,000 after purchasing an additional 33 shares during the last quarter. Moors & Cabot Inc. grew its holdings in AON by 3.0% in the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock valued at $406,000 after purchasing an additional 33 shares during the last quarter. Finally, Sandy Cove Advisors LLC increased its position in shares of AON by 3.5% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,004 shares of the financial services provider's stock valued at $361,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Redburn Atlantic raised shares of AON to a "hold" rating in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods increased 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. Piper Sandler lifted their price objective on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Wells Fargo & Company increased their target price on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada upped their price objective on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $393.87.

AON Trading Up 1.7 %

AON stock traded up $6.24 on Friday, hitting $375.26. 1,759,625 shares of the company were exchanged, compared to its average volume of 1,219,721. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $81.06 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The business's fifty day moving average is $390.58 and its two-hundred day moving average is $374.56.

AON (NYSE:AON - Get Free Report) last issued its earnings results 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 period last year, the company posted $3.89 EPS. As a group, research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.79%. This is a boost from AON's previous quarterly dividend of $0.68. AON's payout ratio is presently 21.33%.

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.