FreeGulliver LLC Decreases Stock Position in Aon plc (NYSE:AON)

FreeGulliver LLC reduced its position in Aon plc (NYSE:AON) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,113 shares of the financial services provider’s stock after selling 36 shares during the period. FreeGulliver LLC’s holdings in AON were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Empowered Funds LLC grew its position in shares of AON by 16.9% in the third quarter. Empowered Funds LLC now owns 3,855 shares of the financial services provider’s stock valued at $1,334,000 after purchasing an additional 558 shares in the last quarter. Meeder Advisory Services Inc. grew its position in shares of AON by 8.5% in the third quarter. Meeder Advisory Services Inc. now owns 3,959 shares of the financial services provider’s stock valued at $1,370,000 after purchasing an additional 309 shares in the last quarter. Pathstone Holdings LLC grew its position in shares of AON by 3.2% in the third quarter. Pathstone Holdings LLC now owns 44,663 shares of the financial services provider’s stock valued at $15,453,000 after purchasing an additional 1,381 shares in the last quarter. Caprock Group LLC grew its position in shares of AON by 8.7% in the third quarter. Caprock Group LLC now owns 3,930 shares of the financial services provider’s stock valued at $1,360,000 after purchasing an additional 316 shares in the last quarter. Finally, Cantillon Capital Management LLC grew its position in shares of AON by 15.6% in the third quarter. Cantillon Capital Management LLC now owns 1,316,218 shares of the financial services provider’s stock valued at $455,398,000 after purchasing an additional 177,956 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Trading Down 0.3 %

Shares of AON stock opened at $389.79 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 business has a 50-day moving average price of $383.03 and a two-hundred day moving average price of $369.79. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The firm has a market cap of $84.19 billion, a P/E ratio of 30.79, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (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 last year, the company earned $3.89 earnings per share. Equities analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 21.33%.

Wall Street Analyst Weigh In

AON has been the subject of several recent research reports. 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 report on Monday, February 3rd. Evercore ISI upgraded 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. Barclays boosted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods boosted their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. boosted their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. 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. According to data from MarketBeat.com, AON has an average rating of “Hold” and a consensus 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.