US Bancorp DE Reduces Position in Aon plc (NYSE:AON)

US Bancorp DE lessened its stake in shares of Aon plc (NYSE:AON) by 14.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 31,491 shares of the financial services provider’s stock after selling 5,263 shares during the quarter. US Bancorp DE’s holdings in AON were worth $11,310,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of AON by 0.4% during 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 purchasing an additional 32,417 shares during the period. Geode Capital Management LLC lifted its stake in AON by 0.9% in the third quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock worth $1,489,690,000 after acquiring an additional 38,447 shares during the period. Bank of New York Mellon Corp lifted its stake 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 worth $921,182,000 after acquiring an additional 343,592 shares during the period. Cantillon Capital Management LLC lifted 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 worth $455,398,000 after acquiring an additional 177,956 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in AON by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,206,763 shares of the financial services provider’s stock worth $417,528,000 after acquiring an additional 11,922 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on AON shares. Piper Sandler raised their price target on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods raised their price target on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Royal Bank of Canada raised their price target on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Barclays increased their price objective on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, BMO Capital Markets increased their price objective on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $386.21.

AON Price Performance

Shares of NYSE:AON opened at $408.64 on Tuesday. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The business has a fifty day moving average price of $373.89 and a 200-day moving average price of $365.13. The company has a market capitalization of $88.27 billion, a PE ratio of 32.28, a PEG ratio of 2.12 and a beta of 0.93.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 quarter in the prior year, the firm earned $3.89 earnings per share. As a group, equities analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.66%. 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.