Aon plc (NYSE:AON) Shares Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP cut its stake in shares of Aon plc (NYSE:AON) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,263,783 shares of the financial services provider’s stock after selling 562,685 shares during the period. AON comprises approximately 4.1% of Sustainable Growth Advisers LP’s investment portfolio, making the stock its 6th biggest position. Sustainable Growth Advisers LP’s holdings in AON were worth $813,060,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new stake in AON in the fourth quarter valued at $29,000. Richardson Financial Services Inc. increased its holdings in 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 holdings in AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the period. Centricity Wealth Management LLC acquired a new stake in AON in the fourth quarter valued at $39,000. Finally, Kestra Investment Management LLC acquired a new stake in AON in the fourth quarter valued at $39,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Trading Down 0.4 %

AON opened at $398.02 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. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $412.97. The firm has a market capitalization of $85.97 billion, a PE ratio of 31.44, a P/E/G ratio of 2.12 and a beta of 0.92. The company’s 50-day moving average is $379.68 and its 200 day moving average is $368.12.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping 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 period last year, the firm posted $3.89 EPS. As a group, research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.68%. AON’s dividend payout ratio (DPR) is 21.33%.

Analyst Ratings Changes

A number of research firms recently weighed in on AON. JPMorgan Chase & Co. increased their price objective on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods upped their price target on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company upped their price target on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Piper Sandler upped their price target on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. 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. According to data from MarketBeat, AON currently has a consensus rating of “Hold” and a consensus target price of $386.21.

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.