Rothschild Investment LLC Trims Stock Position in Aon plc (NYSE:AON)

Rothschild Investment LLC lowered its position in shares of Aon plc (NYSE:AON) by 13.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,704 shares of the financial services provider’s stock after selling 998 shares during the period. Rothschild Investment LLC’s holdings in AON were worth $2,408,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AON. AMF Tjanstepension AB purchased a new position in AON in the 3rd quarter worth approximately $20,856,000. Eastern Bank purchased a new position in AON in the 3rd quarter worth approximately $43,000. Dakota Wealth Management grew its stake in AON by 8.5% in the 3rd quarter. Dakota Wealth Management now owns 3,347 shares of the financial services provider’s stock worth $1,158,000 after buying an additional 263 shares in the last quarter. Ballentine Partners LLC grew its stake in AON by 9.7% in the 3rd quarter. Ballentine Partners LLC now owns 1,812 shares of the financial services provider’s stock worth $627,000 after buying an additional 160 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in AON by 46.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,094 shares of the financial services provider’s stock worth $5,568,000 after buying an additional 5,100 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Trading Down 0.9 %

NYSE:AON opened at $389.51 on Monday. The company has a fifty day moving average of $368.55 and a 200 day moving average of $362.06. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.65. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market capitalization of $84.13 billion, a P/E ratio of 30.77, a P/E/G ratio of 2.14 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 EPS for the quarter, beating 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 last year, the company posted $3.89 earnings per share. On average, research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The business 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 was Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.69%. AON’s dividend payout ratio (DPR) is presently 21.33%.

Analysts Set New Price Targets

A number of equities analysts have commented on AON shares. Wells Fargo & Company boosted 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. JPMorgan Chase & Co. boosted their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Piper Sandler upped their price objective on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. BMO Capital Markets upped their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada upped their price objective on shares of AON from $390.00 to $400.00 and gave the company 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, AON presently has an average rating of “Hold” and an average price target of $386.21.

Insiders Place Their Bets

In related news, COO Mindy F. Simon sold 650 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of 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 disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

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.