Yousif Capital Management LLC Cuts Position in Aon plc (NYSE:AON)

Yousif Capital Management LLC lowered its stake in shares of Aon plc (NYSE:AON) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,609 shares of the financial services provider’s stock after selling 915 shares during the quarter. Yousif Capital Management LLC’s holdings in AON were worth $9,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. grew its position in shares of AON by 3.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock worth $307,000 after buying an additional 28 shares during the last quarter. CVA Family Office LLC boosted its stake in AON by 8.4% in the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 29 shares in the last quarter. Amplius Wealth Advisors LLC increased its position in shares of AON by 2.4% during the third quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 31 shares in the last quarter. Intellectus Partners LLC lifted its holdings in shares of AON by 3.2% during the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 31 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in AON by 5.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock worth $242,000 after buying an additional 33 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Mindy F. Simon sold 650 shares of AON stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares in the company, valued at $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

AON Stock Up 1.4 %

Shares of AON stock opened at $382.62 on Thursday. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The stock has a 50 day moving average of $365.81 and a 200 day moving average of $355.61. The stock has a market cap of $82.75 billion, a P/E ratio of 30.22, a P/E/G ratio of 2.02 and a beta of 0.93.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) 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 quarter in the prior year, the firm earned $3.89 EPS. As a group, sell-side analysts expect that Aon plc will post 17.39 EPS for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.675 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.71%. AON’s payout ratio is 21.33%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AON. JPMorgan Chase & Co. raised their price target on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. TD Cowen raised their price target on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Barclays upped their target price on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, Piper Sandler lifted their price target on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday. One 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’s stock. According to MarketBeat, AON has a consensus rating of “Hold” and an average price target 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.