Cerity Partners LLC Trims Position in Aon plc (NYSE:AON)

Cerity Partners LLC reduced its position in Aon plc (NYSE:AON) by 13.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,148 shares of the financial services provider’s stock after selling 4,846 shares during the quarter. Cerity Partners LLC’s holdings in AON were worth $11,368,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new position in AON in the 4th quarter valued at $29,000. Richardson Financial Services Inc. boosted its stake in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after buying an additional 81 shares during the period. Millstone Evans Group LLC purchased a new position in AON during the fourth quarter worth about $32,000. Anchor Investment Management LLC increased its stake in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new position in shares of AON in the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Down 1.4 %

Shares of NYSE:AON opened at $368.27 on Friday. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock’s 50-day moving average is $390.63 and its 200 day moving average is $374.36. The company has a market cap of $79.55 billion, a PE ratio of 29.09, a P/E/G ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the business earned $3.89 earnings per share. Sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Piper Sandler boosted their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company increased their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Redburn Atlantic raised AON to a “hold” rating in a report on Tuesday, March 25th. Finally, Redburn Partners set a $445.00 price target on shares of AON in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, AON currently has a consensus rating of “Hold” and an average price target of $391.13.

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.