Connable Office Inc. Sells 1,330 Shares of Aon plc (NYSE:AON)

Connable Office Inc. decreased its position in Aon plc (NYSE:AON) by 39.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,028 shares of the financial services provider’s stock after selling 1,330 shares during the quarter. Connable Office Inc.’s holdings in AON were worth $728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AON. AMF Tjanstepension AB bought a new position in AON during the third quarter worth about $20,856,000. Pinnacle Associates Ltd. boosted its holdings in AON by 71.2% during the third quarter. Pinnacle Associates Ltd. now owns 1,390 shares of the financial services provider’s stock worth $481,000 after buying an additional 578 shares during the last quarter. Catalyst Financial Partners LLC boosted its holdings in AON by 3.8% during the third quarter. Catalyst Financial Partners LLC now owns 1,092 shares of the financial services provider’s stock worth $378,000 after buying an additional 40 shares during the last quarter. Americana Partners LLC boosted its holdings in AON by 5.8% during the third quarter. Americana Partners LLC now owns 2,050 shares of the financial services provider’s stock worth $709,000 after buying an additional 113 shares during the last quarter. Finally, Dash Acquisitions Inc. boosted its holdings in AON by 6.6% during the third quarter. Dash Acquisitions Inc. now owns 21,618 shares of the financial services provider’s stock worth $8,116,000 after buying an additional 1,333 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

AON has been the topic of a number of recent analyst reports. Wells Fargo & Company raised 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. JPMorgan Chase & Co. lifted their price objective on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Barclays lifted their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Royal Bank of Canada lifted their price objective on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, AON has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Stock Up 1.3 %

Shares of AON stock opened at $409.15 on Friday. The business’s 50 day simple moving average is $372.88 and its 200 day simple moving average is $364.09. Aon plc has a 52-week low of $268.06 and a 52-week high of $409.99. The firm has a market cap of $88.38 billion, a PE ratio of 32.32, a P/E/G ratio of 2.12 and a beta of 0.93. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.

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

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio (DPR) 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.