Aon plc (NYSE:AON) Shares Sold by Cannell & Spears LLC

Cannell & Spears LLC decreased its holdings in Aon plc (NYSE:AON) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 116,010 shares of the financial services provider’s stock after selling 15,644 shares during the period. Cannell & Spears LLC owned approximately 0.05% of AON worth $41,666,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AON. Charles Schwab Investment Management Inc. lifted its position in AON by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock worth $444,563,000 after buying an additional 31,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of AON by 27.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider’s stock worth $34,676,000 after acquiring an additional 20,942 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of AON by 5.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock valued at $9,530,000 after acquiring an additional 1,451 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of AON by 43,000.8% in the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after purchasing an additional 390,017 shares during the period. Finally, State Street Corp increased its position in AON by 0.4% during the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after purchasing an additional 32,417 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Performance

Shares of AON stock opened at $394.22 on Monday. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The firm has a 50 day moving average of $388.72 and a two-hundred day moving average of $372.40. 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 $85.15 billion, a PE ratio of 31.14, a P/E/G ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS 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 firm posted $3.89 EPS. On average, research analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AON. Keefe, Bruyette & Woods increased their price target on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Royal Bank of Canada lifted their target price on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Finally, Piper Sandler upped their target price 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, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, AON presently has a consensus rating of “Hold” and a consensus target price 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.