Rhumbline Advisers Reduces Holdings in Aon plc (NYSE:AON)

Rhumbline Advisers decreased its position in Aon plc (NYSE:AON) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 368,790 shares of the financial services provider’s stock after selling 6,014 shares during the period. Rhumbline Advisers’ holdings in AON were worth $132,455,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AON. Diamond Hill Capital Management Inc. purchased a new stake in shares of AON in the 3rd quarter valued at approximately $336,375,000. Veritas Asset Management LLP lifted its holdings in shares of AON by 41.6% in the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after acquiring an additional 883,761 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of AON by 334.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after acquiring an additional 808,990 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of AON in the 3rd quarter worth approximately $906,040,000. Finally, Accredited Investors Inc. lifted its holdings in shares of AON by 5,694.5% in the 3rd quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock worth $83,883,000 after acquiring an additional 238,258 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity at AON

In related news, COO Mindy F. Simon sold 650 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. This trade represents a 26.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the transaction, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

AON Trading Down 0.8 %

Shares of NYSE:AON opened at $387.22 on Friday. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The company’s 50 day moving average is $365.76 and its two-hundred day moving average is $359.36. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The company has a market cap of $83.74 billion, a PE ratio of 30.59, a P/E/G ratio of 2.09 and a beta of 0.93.

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. Equities analysts predict that Aon plc will post 17.24 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio (DPR) is 21.33%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AON. Wells Fargo & Company upped their price objective on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their price objective on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Piper Sandler upped their price objective on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada increased their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Finally, TD Cowen increased their target price on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, AON has a consensus rating of “Hold” and a consensus 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.