Aon plc (NYSE:AON) Stock Holdings Lessened by Veritas Asset Management LLP

Veritas Asset Management LLP cut its stake in Aon plc (NYSE:AON - Free Report) by 26.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,220,648 shares of the financial services provider's stock after selling 789,909 shares during the quarter. AON comprises approximately 7.4% of Veritas Asset Management LLP's holdings, making the stock its 6th largest holding. Veritas Asset Management LLP owned approximately 1.03% of AON worth $797,568,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of AON. Valley Wealth Managers Inc. increased its position in shares of AON by 3.3% during the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider's stock worth $307,000 after purchasing an additional 28 shares in the last quarter. Intellectus Partners LLC grew its stake in AON by 3.2% during the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider's stock worth $343,000 after buying an additional 31 shares during the last quarter. V Square Quantitative Management LLC increased its position in AON by 1.3% during the 4th 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 raised its stake in AON by 5.2% in the fourth 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 buying an additional 33 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 33 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of AON traded up $5.15 during mid-day trading on Friday, reaching $409.15. The company had a trading volume of 1,641,942 shares, compared to its average volume of 1,087,155. The stock has a 50 day moving average of $371.87 and a two-hundred day moving average of $363.54. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $88.38 billion, a P/E ratio of 32.32, a PEG ratio of 2.12 and a beta of 0.93. Aon plc has a 52-week low of $268.06 and a 52-week high of $409.99.

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

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 0.66%. AON's payout ratio is 21.33%.

Analysts Set New Price Targets

Several equities analysts recently commented on AON shares. JPMorgan Chase & Co. increased their price objective 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. Wells Fargo & Company raised their price target on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Barclays boosted their price objective on shares of AON from $394.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Piper Sandler raised their target price on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada boosted their price target on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, AON has an average rating of "Hold" and a consensus target price of $386.21.

About AON

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.