Aon plc (NYSE:AON) Shares Sold by Axa S.A.

Axa S.A. trimmed its holdings in shares of Aon plc (NYSE:AON - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,326 shares of the financial services provider's stock after selling 12,837 shares during the period. Axa S.A.'s holdings in AON were worth $18,075,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AON. Endeavor Private Wealth Inc. purchased a new stake in shares of AON in the fourth quarter valued at $29,000. Richardson Financial Services Inc. grew its holdings in shares of AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after buying an additional 81 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of AON in the fourth quarter valued at approximately $32,000. Centricity Wealth Management LLC acquired a new stake in AON during the fourth quarter worth approximately $39,000. Finally, Kestra Investment Management LLC purchased a new stake in AON in the 4th quarter worth approximately $39,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Price Performance

Shares of NYSE AON opened at $356.16 on Monday. 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 1-year low of $275.07 and a 1-year high of $412.97. The company has a market capitalization of $76.91 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 2.12 and a beta of 0.82. The business has a 50-day moving average of $382.31 and a 200-day moving average of $375.69.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same period last year, the business earned $5.66 EPS. The firm's revenue was up 16.2% compared to the same quarter last year. On average, equities analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.745 dividend. This is a boost from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, May 1st. AON's dividend payout ratio is presently 25.38%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AON shares. JPMorgan Chase & Co. raised their price objective on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Wells Fargo & Company lifted their price target on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Barclays cut their price objective on shares of AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Redburn Partners set a $445.00 target price on shares of AON in a report on Tuesday, March 25th. Finally, Jefferies Financial Group increased their price target on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $390.67.

AON Company Profile

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.

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