Aon plc (NYSE:AON) Shares Sold by Choreo LLC

Choreo LLC cut its position in Aon plc (NYSE:AON) by 13.5% during the fourth quarter, Holdings Channel reports. The firm owned 6,765 shares of the financial services provider’s stock after selling 1,053 shares during the period. Choreo LLC’s holdings in AON were worth $2,423,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new position in shares of AON in the fourth quarter valued at about $29,000. Richardson Financial Services Inc. grew its holdings in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares during the period. Anchor Investment Management LLC grew its holdings in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 93 shares during the period. First Personal Financial Services acquired a new stake in AON during the third quarter worth about $37,000. Finally, R Squared Ltd acquired a new stake in AON during the fourth quarter worth about $43,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AON news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This trade represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AON has been the topic of several analyst reports. 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. Royal Bank of Canada raised their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday. Keefe, Bruyette & Woods raised their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Bank of America increased their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. One research 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, the stock has an average rating of “Hold” and a consensus price target of $386.21.

AON Stock Performance

NYSE AON opened at $384.67 on Friday. The company has a market cap of $83.19 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. The stock’s 50 day simple moving average is $365.59 and its 200-day simple moving average is $355.80. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 firm earned $3.89 EPS. As a group, equities research analysts anticipate that Aon plc will post 17.39 EPS for the current fiscal year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.675 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. AON’s payout ratio is 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.