Cullen Frost Bankers Inc. lowered its stake in shares of Aon PLC (NYSE:AON) by 6.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 56,571 shares of the financial services provider’s stock after selling 3,809 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in AON were worth $11,783,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AON. Illinois Municipal Retirement Fund bought a new position in AON during the fourth quarter valued at $782,000. Rational Advisors LLC lifted its position in AON by 2,187.5% during the fourth quarter. Rational Advisors LLC now owns 2,562 shares of the financial services provider’s stock valued at $534,000 after purchasing an additional 2,450 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in AON by 10.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 226,164 shares of the financial services provider’s stock valued at $47,109,000 after purchasing an additional 21,367 shares during the last quarter. State Street Corp lifted its position in AON by 0.3% during the fourth quarter. State Street Corp now owns 10,541,582 shares of the financial services provider’s stock valued at $2,195,706,000 after purchasing an additional 32,700 shares during the last quarter. Finally, Royal Bank of Scotland Group PLC bought a new position in AON during the fourth quarter valued at $327,000. 86.04% of the stock is currently owned by hedge funds and other institutional investors.

AON stock opened at $234.58 on Friday. Aon PLC has a 52 week low of $156.09 and a 52 week high of $234.59. The company has a quick ratio of 1.38, a current ratio of 1.52 and a debt-to-equity ratio of 1.92. The company has a fifty day simple moving average of $215.14 and a two-hundred day simple moving average of $200.24. The firm has a market capitalization of $53.62 billion, a P/E ratio of 36.94, a price-to-earnings-growth ratio of 1.85 and a beta of 0.83.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $2.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.04. AON had a net margin of 13.91% and a return on equity of 55.95%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the business earned $2.16 earnings per share. AON’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, analysts anticipate that Aon PLC will post 10.42 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, January 31st. AON’s dividend payout ratio is currently 19.19%.

AON has been the subject of several research reports. Citigroup initiated coverage on shares of AON in a research report on Tuesday, January 21st. They set a “buy” rating and a $245.00 price objective for the company. UBS Group increased their price objective on shares of AON from $196.00 to $227.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Wells Fargo & Co reiterated a “hold” rating on shares of AON in a research report on Monday, January 6th. Morgan Stanley increased their price objective on shares of AON from $198.00 to $230.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Finally, Cfra increased their price objective on shares of AON from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. AON currently has an average rating of “Hold” and an average price target of $223.38.

AON Profile

Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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