Davis R M Inc. Trims Stock Position in Aon plc (NYSE:AON)

Davis R M Inc. reduced its stake in shares of Aon plc (NYSE:AON) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,669 shares of the financial services provider’s stock after selling 201 shares during the quarter. Davis R M Inc. owned approximately 0.06% of AON worth $45,135,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in 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 purchasing an additional 31,021 shares during the period. Diamond Hill Capital Management Inc. purchased a new position in AON during the 3rd quarter valued at $336,375,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in AON by 5.8% during the 4th 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 purchasing an additional 1,451 shares during the period. Proficio Capital Partners LLC increased its position in AON by 43,000.8% during the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after purchasing an additional 390,017 shares during the period. Finally, State Street Corp increased its position in AON by 0.4% during the 3rd 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. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Price Performance

AON opened at $398.36 on Tuesday. 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 stock has a market capitalization of $86.05 billion, a P/E ratio of 31.47, a P/E/G ratio of 2.12 and a beta of 0.92. The company’s 50-day simple moving average is $378.08 and its two-hundred day simple moving average is $367.46. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (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 in the previous year, the company posted $3.89 EPS. As a group, analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio is currently 21.33%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Piper Sandler upped their target price on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods upped their target price on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Barclays upped their target price on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Royal Bank of Canada upped their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $386.21.

AON Profile

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.