US Bancorp DE Reduces Position in Aon plc (NYSE:AON)

US Bancorp DE cut its holdings in shares of Aon plc (NYSE:AON) by 14.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,491 shares of the financial services provider’s stock after selling 5,263 shares during the quarter. US Bancorp DE’s holdings in AON were worth $11,310,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. purchased a new stake in AON during the third quarter valued at about $336,375,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in AON by 5.8% during the fourth 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 last quarter. Proficio Capital Partners LLC lifted its holdings in AON by 43,000.8% during the fourth 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 last quarter. State Street Corp lifted its holdings in AON by 0.4% during the third 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 last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of AON by 13.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock valued at $57,345,000 after buying an additional 20,084 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on AON. Piper Sandler upped their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Barclays upped their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. upped 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. Evercore ISI upgraded 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, BMO Capital Markets upped their price objective on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Stock Down 0.1 %

Shares of NYSE AON opened at $408.64 on Tuesday. Aon plc has a one year low of $268.06 and a one year high of $412.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The firm’s 50 day simple moving average is $373.89 and its two-hundred day simple moving average is $365.13. The stock has a market capitalization of $88.27 billion, a P/E ratio of 32.28, a PEG ratio of 2.12 and a beta of 0.93.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating analysts’ consensus estimates 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 earned $3.89 EPS. As a group, analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 0.66%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s payout ratio is currently 21.33%.

AON Company 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.