US Bancorp DE Sells 5,263 Shares of Aon plc (NYSE:AON)

US Bancorp DE decreased its position in Aon plc (NYSE:AON - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,491 shares of the financial services provider's stock after selling 5,263 shares during the period. US Bancorp DE's holdings in AON were worth $11,310,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Pinnacle Associates Ltd. lifted its stake in AON by 71.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,390 shares of the financial services provider's stock valued at $481,000 after acquiring an additional 578 shares during the period. Farther Finance Advisors LLC lifted its stake in AON by 19.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 936 shares of the financial services provider's stock valued at $324,000 after acquiring an additional 154 shares during the period. Lansing Street Advisors bought a new position in AON during the 3rd quarter valued at about $202,000. Donaldson Capital Management LLC bought a new position in AON during the 3rd quarter valued at about $263,000. Finally, National Pension Service lifted its stake in AON by 6.5% during the 3rd quarter. National Pension Service now owns 394,556 shares of the financial services provider's stock valued at $136,512,000 after acquiring an additional 23,913 shares during the period. Institutional investors own 86.14% of the company's stock.

AON Stock Performance

AON stock traded down $2.81 during midday trading on Thursday, hitting $401.27. The stock had a trading volume of 94,415 shares, compared to its average volume of 1,080,771. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The firm's fifty day moving average is $375.61 and its two-hundred day moving average is $365.91. The company has a market capitalization of $86.67 billion, a PE ratio of 31.73, a P/E/G ratio of 2.12 and a beta of 0.93.

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

AON Dividend Announcement

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. This represents a $2.70 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Monday, February 3rd. AON's dividend payout ratio (DPR) is currently 21.33%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AON shares. JPMorgan Chase & Co. upped their target price on shares of AON from $379.00 to $394.00 and gave the company an "overweight" rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods upped 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 upped their price target on shares of AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Wells Fargo & Company upped their price target on shares of AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Finally, Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and upped their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, AON presently has a consensus rating of "Hold" and an average 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.