FreeGulliver LLC Sells 36 Shares of Aon plc (NYSE:AON)

FreeGulliver LLC cut its position in Aon plc (NYSE:AON) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,113 shares of the financial services provider’s stock after selling 36 shares during the quarter. FreeGulliver LLC’s holdings in AON were worth $400,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of AON by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock valued at $444,563,000 after buying an additional 31,021 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of AON by 27.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider’s stock valued at $34,676,000 after buying an additional 20,942 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of AON by 5.8% in the fourth 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 buying an additional 1,451 shares during the period. Proficio Capital Partners LLC increased its stake 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 buying an additional 390,017 shares during the period. Finally, State Street Corp increased its stake in shares of AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after buying an additional 32,417 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Stock Down 0.3 %

Shares of NYSE:AON opened at $389.79 on Wednesday. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The business’s 50 day simple moving average is $383.03 and its two-hundred day simple moving average is $369.79. The firm has a market cap of $84.19 billion, a P/E ratio of 30.79, a PEG ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating 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 firm earned $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 firm also recently declared 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 dividend on an annualized basis and a yield of 0.69%. AON’s dividend payout ratio (DPR) is currently 21.33%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AON. Wells Fargo & Company increased their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. 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. JPMorgan Chase & Co. raised their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods raised their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Piper Sandler raised their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.