Polen Capital Management LLC Has $258.35 Million Position in Aon plc (NYSE:AON)

Polen Capital Management LLC lessened its stake in shares of Aon plc (NYSE:AON) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 719,322 shares of the financial services provider’s stock after selling 62,167 shares during the period. AON accounts for about 0.7% of Polen Capital Management LLC’s portfolio, making the stock its 25th biggest position. Polen Capital Management LLC owned about 0.33% of AON worth $258,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in AON. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in AON by 334.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after acquiring an additional 808,990 shares during the period. Proficio Capital Partners LLC increased its stake in AON by 43,000.8% during the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock worth $140,404,000 after acquiring an additional 390,017 shares during the period. Bank of New York Mellon Corp increased its stake in AON by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock worth $921,182,000 after acquiring an additional 343,592 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of AON by 28.3% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,247,736 shares of the financial services provider’s stock valued at $448,137,000 after purchasing an additional 275,525 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of AON in the 4th quarter valued at $86,435,000. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AON. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Wells Fargo & Company lifted their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price target on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Stock Up 1.3 %

Shares of AON opened at $399.34 on Monday. The company has a market capitalization of $86.26 billion, a PE ratio of 31.54, a PEG ratio of 2.12 and a beta of 0.92. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. The stock’s 50-day moving average price is $381.36 and its two-hundred day moving average price is $369.13. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS 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 prior year, the firm posted $3.89 EPS. On average, analysts anticipate 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 issued a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. AON’s payout ratio is currently 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.