Corebridge Financial Inc. Sells 4,469 Shares of Aon plc (NYSE:AON)

Corebridge Financial Inc. cut its holdings in Aon plc (NYSE:AON) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,363 shares of the financial services provider’s stock after selling 4,469 shares during the quarter. Corebridge Financial Inc.’s holdings in AON were worth $19,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC increased its stake in shares of AON by 1.3% during the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock valued at $840,000 after buying an additional 31 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in AON by 5.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 33 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of AON by 0.9% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after purchasing an additional 33 shares during the period. Moors & Cabot Inc. boosted its stake in shares of AON by 3.0% during the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 33 shares in the last quarter. Finally, Sandy Cove Advisors LLC increased its position in shares of AON by 3.5% during the fourth quarter. Sandy Cove Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $361,000 after buying an additional 34 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on AON shares. Piper Sandler upped their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods upped 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 boosted their target price 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. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company upped their price objective on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Stock Performance

Shares of AON opened at $393.28 on Tuesday. The company has a market cap of $84.95 billion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 2.12 and a beta of 0.92. The business’s fifty day simple moving average is $386.18 and its two-hundred day simple moving average is $371.05. Aon plc has a 12 month low of $268.06 and a 12 month 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.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping 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 period in the prior year, the business posted $3.89 earnings per share. Research analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio is currently 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.