Alliancebernstein L.P. Sells 3,767 Shares of Aon plc (NYSE:AON)

Alliancebernstein L.P. trimmed its holdings in shares of Aon plc (NYSE:AON) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 216,641 shares of the financial services provider’s stock after selling 3,767 shares during the period. Alliancebernstein L.P.’s holdings in AON were worth $77,809,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Endeavor Private Wealth Inc. bought a new position in AON in the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. grew its stake in shares of AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after buying an additional 81 shares in the last quarter. Millstone Evans Group LLC acquired a new position in AON during the fourth quarter worth $32,000. Anchor Investment Management LLC raised its position in 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 acquiring an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in AON in the fourth quarter valued at $39,000. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

AON has been the topic of a number of research analyst reports. Royal Bank of Canada upped 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. Piper Sandler lifted their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods increased 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. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Redburn Atlantic upgraded shares of AON to a “hold” rating in a research note on Tuesday, March 25th. One investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $386.21.

AON Trading Down 0.4 %

Shares of NYSE:AON opened at $394.41 on Friday. The company has a market capitalization of $85.19 billion, a P/E ratio of 31.15, a P/E/G ratio of 2.12 and a beta of 0.92. 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 business’s 50 day simple moving average is $391.18 and its 200 day simple moving average is $373.42. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping 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 company earned $3.89 EPS. On average, research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given 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 dividend yield of 0.68%. AON’s dividend payout ratio is 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.