Bell Asset Management Ltd Decreases Stock Position in Aon plc (NYSE:AON)

Bell Asset Management Ltd trimmed its position in shares of Aon plc (NYSE:AON) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,245 shares of the financial services provider’s stock after selling 205 shares during the period. AON makes up 1.3% of Bell Asset Management Ltd’s portfolio, making the stock its 22nd biggest position. Bell Asset Management Ltd’s holdings in AON were worth $7,271,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. purchased a new stake in shares of AON during the fourth quarter worth about $29,000. Richardson Financial Services Inc. raised its position in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of AON during the 4th quarter valued at approximately $32,000. Anchor Investment Management LLC grew its position in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in shares of AON in the fourth quarter worth $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

AON opened at $375.94 on Monday. 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 business’s 50 day moving average is $391.32 and its 200-day moving average 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 plc has a twelve month low of $268.06 and a twelve month high of $412.97.

AON (NYSE:AON) last announced its 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 company posted $3.89 EPS. On average, analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.72%. AON’s payout ratio is 21.33%.

Analyst Upgrades and Downgrades

AON has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Redburn Atlantic raised AON to a “hold” rating in a report on Tuesday, March 25th. Piper Sandler lifted their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and upped their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada lifted 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.