FourThought Financial Partners LLC Has $966,000 Stock Holdings in Aon plc (NYSE:AON)

FourThought Financial Partners LLC lessened its stake in shares of Aon plc (NYSE:AON) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,689 shares of the financial services provider’s stock after selling 82 shares during the period. FourThought Financial Partners LLC’s holdings in AON were worth $966,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AON. Diamond Hill Capital Management Inc. bought a new stake in shares of AON during the 3rd quarter worth approximately $336,375,000. Veritas Asset Management LLP raised its position in AON by 41.6% during the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after acquiring an additional 883,761 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in AON by 334.9% in the third 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 valued at $363,475,000 after acquiring an additional 808,990 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of AON by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after acquiring an additional 343,592 shares during the period. Finally, Accredited Investors Inc. increased its stake in shares of AON by 5,694.5% during the 3rd quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock worth $83,883,000 after purchasing an additional 238,258 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on AON. Keefe, Bruyette & Woods lifted their price target on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Wells Fargo & Company increased 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 objective on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Finally, Piper Sandler increased their price objective 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. 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 data from MarketBeat, the company has an average rating of “Hold” and an average price target of $386.21.

AON Price Performance

Shares of AON stock opened at $397.99 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $85.97 billion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. Aon plc has a twelve month low of $268.06 and a twelve month high of $398.10. The company has a 50-day simple moving average of $369.95 and a two-hundred day simple moving average of $363.01.

AON (NYSE:AON) last released its quarterly 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 net margin of 16.91% and a return on equity of 70.84%. During the same period in the prior year, the business earned $3.89 earnings per share. Analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

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

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.