Aon plc (NYSE:AON) Shares Sold by First Pacific Advisors LP

First Pacific Advisors LP cut its holdings in shares of Aon plc (NYSE:AON) by 0.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 728,493 shares of the financial services provider’s stock after selling 5,495 shares during the period. AON makes up about 3.7% of First Pacific Advisors LP’s portfolio, making the stock its 11th largest holding. First Pacific Advisors LP owned 0.34% of AON worth $261,646,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Endeavor Private Wealth Inc. acquired a new stake in AON in the 4th quarter valued at $29,000. Richardson Financial Services Inc. raised its position in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 81 shares during the last quarter. Anchor Investment Management LLC lifted its stake in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after buying an additional 93 shares in the last quarter. First Personal Financial Services acquired a new stake in AON in the 3rd quarter worth about $37,000. Finally, Centricity Wealth Management LLC purchased a new stake in AON during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AON. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their target price 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. Royal Bank of Canada increased their target price on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Piper Sandler boosted their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. One 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. Based on data from MarketBeat.com, AON has an average rating of “Hold” and a consensus price target of $386.21.

AON Price Performance

AON stock opened at $402.94 on Monday. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The business has a fifty day moving average of $377.28 and a two-hundred day moving average of $367.05. The stock has a market cap of $87.03 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

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

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors 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 0.67%. AON’s dividend payout ratio (DPR) is presently 21.33%.

AON Company 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.