Aon plc (NYSE:AON) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its holdings in shares of Aon plc (NYSE:AON) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,228 shares of the financial services provider’s stock after selling 143 shares during the period. D.A. Davidson & CO.’s holdings in AON were worth $800,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc increased its stake in AON by 1.1% during the fourth quarter. CIBC Asset Management Inc now owns 188,201 shares of the financial services provider’s stock valued at $67,522,000 after purchasing an additional 2,045 shares during the last quarter. Catalyst Capital Advisors LLC increased its stake in AON by 59.2% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 135 shares during the last quarter. Principal Financial Group Inc. increased its stake in AON by 5.1% during the fourth quarter. Principal Financial Group Inc. now owns 267,374 shares of the financial services provider’s stock valued at $96,030,000 after purchasing an additional 12,893 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. grew its position in shares of AON by 2.8% during the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 65,757 shares of the financial services provider’s stock worth $23,617,000 after acquiring an additional 1,784 shares during the last quarter. Finally, MOKAN Wealth Management Inc. bought a new position in shares of AON during the fourth quarter worth about $1,086,000. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of NYSE AON opened at $392.14 on Tuesday. Aon plc has a twelve month low of $268.06 and a twelve month high of $396.15. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $84.70 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 2.14 and a beta of 0.93. The firm has a 50-day moving average of $369.16 and a two-hundred day moving average of $362.52.

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

AON Dividend Announcement

The firm 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 0.69%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is 21.33%.

Insider Buying and Selling at AON

In other AON news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the sale, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on AON shares. Wells Fargo & Company upped their price target on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Piper Sandler upped their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped their price target 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. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, BMO Capital Markets upped their price target on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.