Aon plc (NYSE:AON) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lowered its position in Aon plc (NYSE:AON) by 1.1% in the fourth quarter, HoldingsChannel reports. The fund owned 14,840 shares of the financial services provider’s stock after selling 167 shares during the quarter. Gulf International Bank UK Ltd’s holdings in AON were worth $5,329,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Valley Wealth Managers Inc. raised its holdings in AON by 3.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 28 shares during the period. Intellectus Partners LLC raised its stake in shares of AON by 3.2% during the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock worth $343,000 after buying an additional 31 shares during the period. V Square Quantitative Management LLC lifted its position in shares of AON by 1.3% during the 4th 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 in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake 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 valued at $242,000 after acquiring an additional 33 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its position in AON by 0.9% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after acquiring an additional 33 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Up 1.1 %

Shares of AON opened at $403.61 on Friday. The stock has a fifty day simple moving average of $371.87 and a two-hundred day simple moving average of $363.54. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $87.18 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. Aon plc has a 52-week low of $268.06 and a 52-week high of $408.26.

AON (NYSE:AON) last issued its 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 net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the prior year, the firm earned $3.89 EPS. As a group, equities analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio is presently 21.33%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AON. Royal Bank of Canada lifted their target price on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Barclays increased their target price on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Piper Sandler lifted their price target on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. One investment 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $386.21.

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.