FourThought Financial Partners LLC Sells 82 Shares of Aon plc (NYSE:AON)

FourThought Financial Partners LLC trimmed its position in Aon plc (NYSE:AON) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its position in AON by 0.4% in 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 period. Geode Capital Management LLC boosted its stake in shares of AON by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock valued at $1,489,690,000 after purchasing an additional 38,447 shares during the last quarter. Veritas Asset Management LLP raised its stake in shares of 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 buying an additional 883,761 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in AON by 15.5% in the fourth 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 buying an additional 343,592 shares during the period. Finally, Cantillon Capital Management LLC boosted its stake in 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 acquiring an additional 177,956 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Trading Up 1.5 %

Shares of NYSE:AON opened at $397.99 on Wednesday. The firm has a market cap of $85.97 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 2.12 and a beta of 0.93. Aon plc has a 12 month low of $268.06 and a 12 month high of $398.10. The company’s fifty day simple moving average is $369.95 and its 200 day simple moving average is $363.01. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the business posted $3.89 EPS. As a group, research analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AON. Keefe, Bruyette & Woods increased their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Piper Sandler increased their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note 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 lifted their price objective on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets upped their target price on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, AON presently has a consensus rating of “Hold” and an average price target of $386.21.

About AON

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.