Aon plc (NYSE:AON) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC lessened its holdings in shares of Aon plc (NYSE:AON) by 16.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,780 shares of the financial services provider’s stock after selling 1,334 shares during the quarter. Lindbrook Capital LLC’s holdings in AON were worth $2,435,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in AON during the 4th quarter valued at approximately $86,435,000. Cullen Frost Bankers Inc. grew its stake in AON by 1.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 46,521 shares of the financial services provider’s stock valued at $16,708,000 after purchasing an additional 470 shares in the last quarter. Arizona State Retirement System grew its stake in AON by 0.3% during the 4th quarter. Arizona State Retirement System now owns 56,267 shares of the financial services provider’s stock valued at $20,209,000 after purchasing an additional 158 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in AON by 20.0% during the 4th quarter. Proficio Capital Partners LLC now owns 1,088 shares of the financial services provider’s stock worth $391,000 after buying an additional 181 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in AON by 11.2% during the 4th quarter. Assetmark Inc. now owns 8,942 shares of the financial services provider’s stock worth $3,212,000 after buying an additional 898 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Down 0.1 %

Shares of AON stock opened at $404.18 on Thursday. The business’s fifty day moving average price is $375.61 and its two-hundred day moving average price is $365.91. 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 company has a market capitalization of $87.30 billion, a P/E ratio of 31.93, a PEG ratio of 2.12 and a beta of 0.93. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating 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 quarter in the prior year, the company posted $3.89 EPS. As a group, research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.67%. AON’s dividend payout ratio (DPR) is 21.33%.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. increased their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods increased their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Royal Bank of Canada increased their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Barclays increased their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company increased their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.