Capital Group Private Client Services Inc. Sells 8,217 Shares of Aon plc (NYSE:AON)

Capital Group Private Client Services Inc. lessened its stake in Aon plc (NYSE:AON) by 4.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 193,450 shares of the financial services provider’s stock after selling 8,217 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in AON were worth $69,480,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of AON during the fourth quarter valued at approximately $596,665,000. Artisan Partners Limited Partnership increased its holdings in shares of AON by 86.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider’s stock worth $742,582,000 after purchasing an additional 960,204 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of AON by 14.5% in the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock worth $1,773,165,000 after purchasing an additional 627,742 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of 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 buying an additional 390,017 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in AON by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock worth $921,182,000 after buying an additional 343,592 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Stock Down 1.5 %

Shares of AON opened at $367.08 on Friday. 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. The company has a market capitalization of $79.29 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The business’s 50 day moving average is $389.85 and its 200 day moving average is $375.16.

AON (NYSE:AON) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping 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 last year, the business earned $3.89 earnings per share. Research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.745 per share. The ex-dividend date is Thursday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a yield of 0.81%. AON’s dividend payout ratio is presently 23.54%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Piper Sandler lifted their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company boosted their target price on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada upped their price objective on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Barclays cut their price target on AON from $440.00 to $430.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Finally, Jefferies Financial Group increased their price objective on shares of AON from $396.00 to $416.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $393.87.

About AON

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.