Corient Private Wealth LLC Trims Stock Holdings in Aon plc (NYSE:AON)

Corient Private Wealth LLC trimmed its position in Aon plc (NYSE:AON) by 2.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 96,060 shares of the financial services provider’s stock after selling 2,011 shares during the period. Corient Private Wealth LLC’s holdings in AON were worth $33,767,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Empowered Funds LLC boosted its position in AON by 16.9% during the third quarter. Empowered Funds LLC now owns 3,855 shares of the financial services provider’s stock worth $1,334,000 after acquiring an additional 558 shares during the last quarter. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of AON in the third quarter valued at $263,000. Zevin Asset Management LLC increased its stake in AON by 2.8% in the third quarter. Zevin Asset Management LLC now owns 34,384 shares of the financial services provider’s stock valued at $11,897,000 after purchasing an additional 923 shares during the last quarter. Meeder Advisory Services Inc. lifted its position in AON by 8.5% during the third quarter. Meeder Advisory Services Inc. now owns 3,959 shares of the financial services provider’s stock worth $1,370,000 after buying an additional 309 shares during the period. Finally, Pathstone Holdings LLC grew its holdings in AON by 3.2% in the 3rd quarter. Pathstone Holdings LLC now owns 44,663 shares of the financial services provider’s stock valued at $15,453,000 after buying an additional 1,381 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AON has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised 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. Royal Bank of Canada lifted their price target 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 upgraded AON from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Finally, Barclays raised 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $386.21.

AON Price Performance

AON opened at $390.90 on Tuesday. Aon plc has a twelve month low of $268.06 and a twelve 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. The firm has a market cap of $84.43 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 2.12 and a beta of 0.92. The company has a fifty day simple moving average of $382.21 and a 200 day simple moving average of $369.46.

AON (NYSE:AON) last released its quarterly earnings results 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 previous year, the business earned $3.89 EPS. Equities research analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON’s 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.