Capitolis Liquid Global Markets LLC Has $3.92 Million Stake in Aon plc (NYSE:AON)

Capitolis Liquid Global Markets LLC lessened its stake in shares of Aon plc (NYSE:AON) by 42.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,900 shares of the financial services provider’s stock after selling 8,100 shares during the period. Capitolis Liquid Global Markets LLC’s holdings in AON were worth $3,915,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new position in AON during the 4th quarter worth $29,000. Richardson Financial Services Inc. increased its stake 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 worth $30,000 after purchasing an additional 81 shares during the period. Millstone Evans Group LLC bought a new stake in AON during the 4th quarter valued at approximately $32,000. Centricity Wealth Management LLC bought a new position in AON in the 4th quarter worth approximately $39,000. Finally, Kestra Investment Management LLC bought a new stake in shares of AON in the fourth quarter valued at approximately $39,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Performance

Shares of NYSE:AON opened at $355.74 on Tuesday. The business has a fifty day moving average of $381.45 and a 200-day moving average of $375.67. The firm has a market cap of $76.82 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. 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 plc has a twelve month low of $275.07 and a twelve month high of $412.97.

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

AON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.745 dividend. This is a boost from AON’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.98 annualized dividend and a yield of 0.84%. AON’s dividend payout ratio (DPR) is currently 25.38%.

Analyst Upgrades and Downgrades

AON has been the subject of several research reports. Barclays reduced their target price on shares of AON from $430.00 to $415.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Piper Sandler upgraded AON from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $384.00 to $378.00 in a research report on Monday, April 28th. Jefferies Financial Group boosted their price objective on AON from $396.00 to $416.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Redburn Partners set a $445.00 price target on shares of AON in a research note on Tuesday, March 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $390.67.

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.