Aon plc (NYSE:AON) Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC lessened its holdings in Aon plc (NYSE:AON) by 16.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,602 shares of the financial services provider’s stock after selling 502 shares during the period. Beacon Pointe Advisors LLC’s holdings in AON were worth $935,000 as of its most recent filing with the Securities & Exchange Commission.

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 fourth quarter valued at about $29,000. Richardson Financial Services Inc. raised its position in AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares during the period. Millstone Evans Group LLC purchased a new position in shares of AON during the fourth quarter worth $32,000. Anchor Investment Management LLC grew its stake in shares of AON by 1,162.5% in 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 in the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of AON in the 4th quarter valued at $39,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on AON. Redburn Atlantic raised AON to a “hold” rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. upped their target price on shares of AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Jefferies Financial Group raised their price target on shares of AON from $396.00 to $416.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Royal Bank of Canada upped their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Finally, Evercore ISI lowered their target price on AON from $420.00 to $398.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, AON currently has an average rating of “Hold” and a consensus target price of $390.67.

AON Price Performance

AON stock opened at $356.16 on Friday. The stock has a market cap of $76.91 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 2.12 and a beta of 0.82. Aon plc has a fifty-two week low of $275.07 and a fifty-two week 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. The business has a 50 day moving average price of $382.31 and a 200 day moving average price of $375.45.

AON (NYSE:AON) last issued its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (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 during the quarter, compared to analyst estimates of $4.83 billion. During the same quarter in the previous year, the company posted $5.66 EPS. The company’s quarterly revenue was up 16.2% on a year-over-year basis. Equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.745 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.84%. This is a boost from AON’s previous quarterly dividend of $0.68. AON’s payout ratio 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.