Intech Investment Management LLC Sells 29,845 Shares of Aon plc (NYSE:AON)

Intech Investment Management LLC lessened its holdings in Aon plc (NYSE:AON) by 64.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,694 shares of the financial services provider’s stock after selling 29,845 shares during the period. Intech Investment Management LLC’s holdings in AON were worth $5,996,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its position in shares of AON by 2.6% during the 4th 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 acquiring an additional 31,021 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in AON by 27.7% during 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 purchasing an additional 20,942 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in AON by 5.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock worth $9,530,000 after buying an additional 1,451 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in shares of AON by 43,000.8% in the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock worth $140,404,000 after buying an additional 390,017 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of AON by 0.4% during the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after acquiring an additional 32,417 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the topic of a number of research reports. Piper Sandler raised their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Barclays boosted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. 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 report on Wednesday, February 5th. Royal Bank of Canada boosted their price objective 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, Wells Fargo & Company lifted their target price on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Price Performance

Shares of AON stock opened at $389.79 on Wednesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $412.97. The firm has a market cap of $84.19 billion, a P/E ratio of 30.79, a P/E/G ratio of 2.12 and a beta of 0.92. The business’s 50 day moving average price is $383.03 and its 200-day moving average price is $369.79.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (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 quarter in the prior year, the company posted $3.89 EPS. On average, equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.69%. AON’s payout ratio is 21.33%.

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.