Arthur M. Cohen & Associates LLC Reduces Stock Holdings in Aon plc (NYSE:AON)

Arthur M. Cohen & Associates LLC trimmed its position in Aon plc (NYSE:AON) by 8.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,370 shares of the financial services provider’s stock after selling 300 shares during the quarter. Arthur M. Cohen & Associates LLC’s holdings in AON were worth $1,345,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AON. Value Partners Investments Inc. increased its holdings in shares of AON by 1.9% in the 4th quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 28 shares during the period. V Square Quantitative Management LLC grew its position in AON by 1.3% during the 4th quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 31 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in AON by 0.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock valued at $1,326,000 after purchasing an additional 33 shares during the period. Moors & Cabot Inc. raised its holdings in shares of AON by 3.0% in the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock valued at $406,000 after buying an additional 33 shares during the last quarter. Finally, Keel Point LLC grew its holdings in shares of AON by 5.1% during the fourth quarter. Keel Point LLC now owns 779 shares of the financial services provider’s stock worth $280,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on AON shares. Barclays reduced their price objective on AON from $430.00 to $415.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Redburn Partners set a $445.00 price target on AON in a report on Tuesday, March 25th. Piper Sandler raised shares of AON from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Keefe, Bruyette & Woods cut their price objective on shares of AON from $414.00 to $409.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group boosted their price target on shares of AON from $396.00 to $416.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $397.27.

AON Stock Down 0.4%

Shares of NYSE AON opened at $373.04 on Thursday. 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 firm’s 50-day moving average is $365.38 and its two-hundred day moving average is $374.07. Aon plc has a 12-month low of $282.98 and a 12-month high of $412.97. The company has a market capitalization of $80.55 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89.

AON (NYSE:AON) last released its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). The company had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. The business’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the business posted $5.66 EPS. Equities analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.745 per share. This is a boost from AON’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.80%. AON’s dividend payout ratio (DPR) is 25.38%.

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.