Aon plc (NYSE:AON) Shares Sold by CX Institutional

CX Institutional cut its holdings in Aon plc (NYSE:AON) by 4.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,545 shares of the financial services provider’s stock after selling 451 shares during the period. CX Institutional’s holdings in AON were worth $3,809,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in AON. Millstone Evans Group LLC acquired a new position in AON during the fourth quarter worth $32,000. Centricity Wealth Management LLC acquired a new position in AON during the fourth quarter worth $39,000. Kestra Investment Management LLC acquired a new position in AON during the fourth quarter worth $39,000. Nemes Rush Group LLC acquired a new position in AON during the fourth quarter worth $55,000. Finally, Orion Capital Management LLC acquired a new position in AON during the fourth quarter worth $63,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AON has been the topic of a number of research reports. Barclays decreased their price target on AON from $430.00 to $415.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Redburn Partners set a $445.00 price objective on AON in a research report on Tuesday, March 25th. Redburn Atlantic raised AON to a “hold” rating in a research report on Tuesday, March 25th. Evercore ISI cut their price objective on AON from $420.00 to $398.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Finally, Piper Sandler raised AON from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $384.00 to $378.00 in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $397.27.

AON Stock Performance

NYSE:AON opened at $349.77 on Thursday. The firm has a market capitalization of $75.53 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. The business’s fifty day moving average price is $362.04 and its 200 day moving average price is $373.29. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a 12 month low of $285.35 and a 12 month high of $412.97.

AON (NYSE:AON) last posted its 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). The business had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period last year, the company earned $5.66 EPS. On average, sell-side analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.745 per share. This is a positive change 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 0.85%. AON’s dividend payout ratio (DPR) is presently 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.