Frontier Capital Management Co. LLC Sells 8,960 Shares of Aon plc (NYSE:AON)

Frontier Capital Management Co. LLC lessened its stake in Aon plc (NYSE:AON - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,037 shares of the financial services provider's stock after selling 8,960 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.07% of AON worth $51,732,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AON. Value Partners Investments Inc. grew its position in AON by 1.9% in the fourth quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider's stock worth $533,000 after acquiring an additional 28 shares in the last quarter. V Square Quantitative Management LLC grew its position in AON by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider's stock worth $840,000 after acquiring an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in AON by 5.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider's stock worth $242,000 after acquiring an additional 33 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its position in AON by 0.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider's stock worth $1,326,000 after acquiring an additional 33 shares in the last quarter. Finally, Moors & Cabot Inc. grew its position in AON by 3.0% in the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock worth $406,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from $384.00 to $378.00 in a research report on Monday, April 28th. Evercore ISI decreased their price objective on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Wells Fargo & Company upped their price objective on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods decreased their price objective on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Jefferies Financial Group upped their price objective on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $390.67.

AON Stock Performance

AON stock traded down $0.80 during mid-day trading on Monday, reaching $353.52. The company had a trading volume of 1,288,103 shares, compared to its average volume of 1,213,920. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 52 week low of $275.07 and a 52 week high of $412.97. The company has a 50 day moving average of $377.50 and a 200-day moving average of $375.67. The firm has a market cap of $76.34 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 2.12 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $4.83 billion. During the same quarter in the prior year, the company posted $5.66 EPS. The company's quarterly revenue was up 16.2% compared to the same quarter last year. On average, sell-side analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

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

AON 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.