Oppenheimer Asset Management Inc. Sells 878 Shares of Aon plc (NYSE:AON)

Oppenheimer Asset Management Inc. reduced its holdings in shares of Aon plc (NYSE:AON) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,527 shares of the financial services provider’s stock after selling 878 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in AON were worth $4,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in AON. Endeavor Private Wealth Inc. bought a new position in AON during the fourth quarter worth $29,000. Richardson Financial Services Inc. lifted its stake in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after buying an additional 81 shares during the last quarter. Anchor Investment Management LLC boosted its holdings in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares during the period. First Personal Financial Services acquired a new position in AON in the 3rd quarter valued at about $37,000. Finally, Centricity Wealth Management LLC bought a new position in AON in the 4th quarter valued at about $39,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets boosted their price objective on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. JPMorgan Chase & Co. boosted 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. Piper Sandler increased their price objective on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods boosted their target price 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. Finally, Barclays raised their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, AON presently has an average rating of “Hold” and a consensus target price of $386.21.

AON Stock Performance

Shares of AON stock opened at $409.15 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company 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 50 day moving average of $372.88 and a 200-day moving average of $364.35. Aon plc has a 1-year low of $268.06 and a 1-year high of $409.99.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 previous year, the firm earned $3.89 earnings per share. As a group, equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal 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 given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio is presently 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.