Dorsey & Whitney Trust CO LLC Lowers Position in Aon plc (NYSE:AON)

Dorsey & Whitney Trust CO LLC cut its stake in shares of Aon plc (NYSE:AON) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,708 shares of the financial services provider’s stock after selling 778 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in AON were worth $1,332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AON. Endeavor Private Wealth Inc. purchased a new position in AON during the fourth quarter valued at $29,000. Richardson Financial Services Inc. raised 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 valued at $30,000 after acquiring an additional 81 shares during the period. Anchor Investment Management LLC raised 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 valued at $35,000 after acquiring an additional 93 shares during the period. First Personal Financial Services bought a new stake in AON during the third quarter valued at about $37,000. Finally, Centricity Wealth Management LLC bought a new stake in AON during the fourth quarter valued at about $39,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AON. 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 report on Monday, February 3rd. Keefe, Bruyette & Woods raised 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. JPMorgan Chase & Co. raised their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Barclays lifted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $386.21.

AON Trading Up 0.3 %

Shares of NYSE AON opened at $402.94 on Friday. The business’s 50 day moving average is $377.28 and its two-hundred day moving average is $366.85. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97. The stock has a market capitalization of $87.03 billion, a P/E ratio of 31.83, a PEG ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping 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 quarter in the previous year, the company earned $3.89 EPS. As a group, research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

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