Brown Brothers Harriman & Co. Sells 11,135 Shares of Aon plc (NYSE:AON)

Brown Brothers Harriman & Co. decreased its holdings in shares of Aon plc (NYSE:AON) by 73.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,016 shares of the financial services provider’s stock after selling 11,135 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in AON were worth $1,442,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Endeavor Private Wealth Inc. bought a new stake in shares of AON during the 4th quarter worth about $29,000. Richardson Financial Services Inc. lifted its position in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of AON in the fourth quarter valued at approximately $32,000. Anchor Investment Management LLC increased its stake 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 purchasing an additional 93 shares during the period. Finally, Centricity Wealth Management LLC acquired a new stake in AON during the 4th quarter worth approximately $39,000. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on AON. Wells Fargo & Company increased their price objective on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada boosted their price objective on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Piper Sandler raised their target price on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. raised their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. 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 stock currently has a consensus rating of “Hold” and an average target price of $386.21.

AON Trading Down 1.3 %

Shares of AON opened at $394.22 on Monday. 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 52-week low of $268.06 and a 52-week high of $412.97. The firm has a market cap of $85.15 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 2.12 and a beta of 0.92. The business’s fifty day moving average is $388.72 and its 200-day moving average is $372.40.

AON (NYSE:AON) last released its earnings results 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 return on equity of 70.84% and a net margin of 16.91%. During the same period in the previous year, the firm earned $3.89 EPS. Equities analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

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

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.