Aon plc (NYSE:AON) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC lessened its stake in shares of Aon plc (NYSE:AON) by 16.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,780 shares of the financial services provider’s stock after selling 1,334 shares during the period. Lindbrook Capital LLC’s holdings in AON were worth $2,435,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new stake in AON during the 4th quarter valued at $29,000. Richardson Financial Services Inc. raised its stake in AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares during the period. Anchor Investment Management LLC raised its stake in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the period. First Personal Financial Services acquired a new stake in AON during the 3rd quarter valued at $37,000. Finally, Centricity Wealth Management LLC acquired a new stake in AON during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Piper Sandler upped their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Barclays upped their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Wells Fargo & Company upped their price target on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, 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 note on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, AON has an average rating of “Hold” and an average target price of $386.21.

AON Stock Down 0.1 %

NYSE AON opened at $404.18 on Thursday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a 50-day simple moving average of $375.61 and a 200 day simple moving average of $365.91. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The stock has a market cap of $87.30 billion, a PE ratio of 31.93, a PEG ratio of 2.12 and a beta of 0.93.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the firm earned $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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is 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.