Aon plc (NYSE:AON) Stock Holdings Trimmed by Headlands Technologies LLC

Headlands Technologies LLC lessened its position in shares of Aon plc (NYSE:AON) by 85.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 299 shares of the financial services provider’s stock after selling 1,703 shares during the period. Headlands Technologies LLC’s holdings in AON were worth $107,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AON. Vanguard Group Inc. increased its stake in AON by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider’s stock valued at $7,010,714,000 after purchasing an additional 88,361 shares during the last quarter. Geode Capital Management LLC grew its position in shares of AON by 14.5% during the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock valued at $1,773,165,000 after buying an additional 627,742 shares during the last quarter. Bank of New York Mellon Corp raised its stake in AON by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock worth $921,182,000 after acquiring an additional 343,592 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in AON by 2.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider’s stock valued at $824,498,000 after acquiring an additional 64,720 shares during the period. Finally, Artisan Partners Limited Partnership raised its position in shares of AON by 86.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider’s stock worth $742,582,000 after purchasing an additional 960,204 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

Shares of AON stock opened at $375.94 on Monday. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company’s 50-day moving average price is $391.32 and its two-hundred day moving average price is $373.94. The stock has a market cap of $81.20 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate 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 last year, the firm earned $3.89 earnings per share. As a group, sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio is 21.33%.

Analyst Ratings Changes

AON has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upped their price objective on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Piper Sandler increased 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. JPMorgan Chase & Co. boosted their target price on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Wells Fargo & Company raised their price target on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Redburn Atlantic upgraded AON to a “hold” rating 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 issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.