Anchor Capital Advisors LLC Sells 498 Shares of Aon plc (NYSE:AON)

Anchor Capital Advisors LLC cut its holdings in Aon plc (NYSE:AON) by 6.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,878 shares of the financial services provider’s stock after selling 498 shares during the quarter. Anchor Capital Advisors LLC’s holdings in AON were worth $2,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AON. Endeavor Private Wealth Inc. acquired a new stake in shares of AON in the 4th quarter valued at approximately $29,000. Richardson Financial Services Inc. boosted its position in 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. Anchor Investment Management LLC grew its stake in shares of 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 buying an additional 93 shares during the last quarter. First Personal Financial Services acquired a new position in shares of AON during the third quarter worth $37,000. Finally, Centricity Wealth Management LLC bought a new position in shares of AON in the 4th quarter valued at $39,000. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AON shares. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. 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 note on Monday, February 3rd. JPMorgan Chase & Co. lifted their target price on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods upped their price target on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Finally, 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 report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Stock Up 1.3 %

Shares of NYSE:AON opened at $409.15 on Friday. Aon plc has a 1 year low of $268.06 and a 1 year high of $409.99. 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 moving average is $372.88 and its 200-day moving average is $364.09. The company has a market capitalization of $88.38 billion, a price-to-earnings ratio of 32.32, a P/E/G 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 earnings per share (EPS) 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 period last year, the firm earned $3.89 EPS. Equities research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 0.66%. The ex-dividend date was Monday, February 3rd. AON’s 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.