Aon plc (NYSE:AON) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Aon plc (NYSE:AON) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,995 shares of the financial services provider’s stock after selling 439 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in AON were worth $3,548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new stake in shares of AON during the 4th quarter worth about $29,000. Richardson Financial Services Inc. increased its position in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 81 shares during the last quarter. Anchor Investment Management LLC boosted its holdings in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares during the period. First Personal Financial Services purchased a new position in AON during the 3rd quarter valued at about $37,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in AON during the 3rd quarter valued at about $42,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on AON shares. Piper Sandler raised their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company raised their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Royal Bank of Canada raised their target price on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Barclays raised their target price on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. 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, the company presently has an average rating of “Hold” and an average price target of $386.21.

AON Price Performance

Shares of NYSE AON opened at $393.04 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.65. The firm has a market capitalization of $85.00 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 2.13 and a beta of 0.93. The stock’s 50-day simple moving average is $367.99 and its 200-day simple moving average is $361.10.

AON (NYSE:AON) last issued its 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 firm posted $3.89 EPS. As a group, equities research analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The company 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 yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio (DPR) is 21.33%.

Insiders Place Their Bets

In other news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

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.