Dorsey & Whitney Trust CO LLC Reduces Position in Aon plc (NYSE:AON)

Dorsey & Whitney Trust CO LLC lessened its holdings in shares of Aon plc (NYSE:AON) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,708 shares of the financial services provider’s stock after selling 778 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in AON were worth $1,332,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AON. Endeavor Private Wealth Inc. purchased a new stake in shares of AON in the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. boosted its holdings in shares of 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 purchasing an additional 81 shares during the period. Anchor Investment Management LLC boosted its holdings in shares of AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the period. First Personal Financial Services purchased a new stake in shares of AON in the third quarter valued at approximately $37,000. Finally, Centricity Wealth Management LLC purchased a new stake in shares of AON in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $402.94 on Friday. The business’s fifty day simple moving average is $377.28 and its 200-day simple moving average is $366.85. The company has a market cap of $87.03 billion, a PE ratio of 31.83, a PEG ratio of 2.12 and a beta of 0.92. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97.

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, topping analysts’ consensus estimates 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 firm earned $3.89 EPS. Analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s payout ratio is 21.33%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AON. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Barclays upped 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. JPMorgan Chase & Co. upped 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 upped 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. Finally, Piper Sandler upped their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $386.21.

About AON

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.