AON (NYSE:AON) Trading Down 4.2% - Here's Why

Aon plc (NYSE:AON - Get Free Report)'s stock price fell 4.2% during trading on Monday . The company traded as low as $354.10 and last traded at $355.59. 184,355 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,187,370 shares. The stock had previously closed at $371.09.

Analyst Ratings Changes

Several analysts have recently commented on the stock. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price for the company in a report on Tuesday, May 13th. Barclays reduced their price objective on shares of AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and lowered their price objective for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. JPMorgan Chase & Co. increased their price target on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Finally, Jefferies Financial Group increased their target price on AON from $396.00 to $416.00 and gave the company a "hold" rating in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $397.27.

AON Price Performance

The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $75.97 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 2.12 and a beta of 0.86. The stock's 50 day simple moving average is $363.42 and its two-hundred day simple moving average is $373.61.

AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a net margin of 16.91% and a return on equity of 70.84%. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the prior year, the firm earned $5.66 EPS. The business's revenue was up 16.2% on a year-over-year basis. On average, analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a $0.745 dividend. 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%. This is an increase from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is 25.38%.

Institutional Trading of AON

Several large investors have recently added to or reduced their stakes in AON. Financial Gravity Asset Management Inc. purchased a new stake in AON in the 1st quarter valued at approximately $28,000. Saudi Central Bank acquired a new stake in shares of AON during the 1st quarter valued at $31,000. Millstone Evans Group LLC bought a new position in shares of AON during the 4th quarter worth about $32,000. HHM Wealth Advisors LLC lifted its position in shares of AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock worth $33,000 after purchasing an additional 29 shares in the last quarter. Finally, Tsfg LLC bought a new stake in AON in the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

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.