Callan Family Office LLC Invests $506,000 in Aon plc (NYSE:AON)

Callan Family Office LLC bought a new stake in Aon plc (NYSE:AON) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,410 shares of the financial services provider’s stock, valued at approximately $506,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. purchased a new position in shares of AON in the third quarter worth about $336,375,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in AON by 334.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after buying an additional 808,990 shares during the period. Proficio Capital Partners LLC raised its position in AON by 43,000.8% during the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock worth $140,404,000 after buying an additional 390,017 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of AON by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after acquiring an additional 343,592 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of AON in the fourth quarter worth $86,435,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AON. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Piper Sandler boosted their price objective on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods boosted their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Royal Bank of Canada raised their price objective 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 equities research 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 company has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Price Performance

NYSE:AON opened at $402.94 on Monday. The stock has a 50 day moving average of $377.28 and a two-hundred day moving average of $367.05. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. The firm has a market cap of $87.03 billion, a P/E ratio of 31.83, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. 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 (NYSE:AON) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating 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 in the prior year, the company posted $3.89 earnings per share. On average, analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.67%. AON’s payout ratio is presently 21.33%.

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.