Aon plc (NYSE:AON) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in shares of Aon plc (NYSE:AON) by 27.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 26,903 shares of the financial services provider’s stock after selling 10,013 shares during the period. Commonwealth Equity Services LLC’s holdings in AON were worth $9,662,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Endeavor Private Wealth Inc. purchased a new position in AON during the 4th quarter valued at about $29,000. Richardson Financial Services Inc. boosted its stake in shares of AON by 2,025.0% in the fourth 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 increased 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 worth $35,000 after buying an additional 93 shares during the period. Centricity Wealth Management LLC acquired a new stake in AON during the 4th quarter worth approximately $39,000. Finally, Kestra Investment Management LLC purchased a new position in AON in the 4th quarter valued at approximately $39,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on AON shares. Wells Fargo & Company boosted their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Royal Bank of Canada raised 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. JPMorgan Chase & Co. upped their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Finally, Barclays boosted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $386.21.

AON Stock Up 0.2 %

Shares of NYSE:AON opened at $390.70 on Thursday. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $84.39 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.12 and a beta of 0.92. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97. The firm has a fifty day moving average price of $383.79 and a 200 day moving average price of $369.93.

AON (NYSE:AON) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company earned $3.89 EPS. Sell-side analysts predict 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. Investors of record on Monday, February 3rd were given a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. AON’s dividend payout ratio (DPR) is 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.