Connable Office Inc. Sells 1,330 Shares of Aon plc (NYSE:AON)

Connable Office Inc. lowered its stake in shares of Aon plc (NYSE:AON) by 39.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,028 shares of the financial services provider’s stock after selling 1,330 shares during the quarter. Connable Office Inc.’s holdings in AON were worth $728,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. boosted its position in shares of AON by 3.3% in the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 28 shares during the period. Intellectus Partners LLC boosted its position in shares of AON by 3.2% in the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 31 shares during the period. V Square Quantitative Management LLC boosted its position in shares of AON by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock valued at $840,000 after acquiring an additional 31 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of AON by 5.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 33 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its position in shares of AON by 0.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock valued at $1,326,000 after acquiring an additional 33 shares during the period. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays upped their target price on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Royal Bank of Canada upped their target price on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. BMO Capital Markets upped their target price on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Keefe, Bruyette & Woods increased their price objective on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company increased their price objective on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $386.21.

AON Stock Performance

Shares of NYSE:AON opened at $409.15 on Friday. Aon plc has a twelve month low of $268.06 and a twelve month high of $409.99. The firm has a market cap of $88.38 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The business has a fifty day moving average of $372.88 and a 200-day moving average of $364.09.

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

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.66%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio 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.