Polen Capital Management LLC Has $258.35 Million Stock Holdings in Aon plc (NYSE:AON)

Polen Capital Management LLC trimmed its stake in Aon plc (NYSE:AON) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 719,322 shares of the financial services provider’s stock after selling 62,167 shares during the quarter. AON comprises about 0.7% of Polen Capital Management LLC’s holdings, making the stock its 25th biggest position. Polen Capital Management LLC’s holdings in AON were worth $258,352,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new stake in AON in the fourth quarter worth $29,000. Richardson Financial Services Inc. grew its holdings in shares of AON by 2,025.0% during 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 during the last quarter. Anchor Investment Management LLC grew its holdings 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 valued at $35,000 after buying an additional 93 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in shares of AON during the fourth quarter valued at about $39,000. Finally, Kestra Investment Management LLC acquired a new position in shares of AON during the fourth quarter valued at about $39,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Piper Sandler lifted their price objective on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada raised their price target on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Wells Fargo & Company raised their price target on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, AON currently has a consensus rating of “Hold” and an average price target of $386.21.

AON Stock Performance

NYSE AON opened at $399.34 on Monday. The company’s 50 day moving average is $381.36 and its 200-day moving average is $369.13. The firm has a market cap of $86.26 billion, a P/E ratio of 31.54, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the company earned $3.89 earnings per share. Sell-side analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. 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.