Broad Run Investment Management LLC Lowers Stake in Aon plc (NYSE:AON)

Broad Run Investment Management LLC lessened its stake in Aon plc (NYSE:AON - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 161,176 shares of the financial services provider's stock after selling 8,450 shares during the quarter. AON comprises 7.9% of Broad Run Investment Management LLC's investment portfolio, making the stock its 3rd biggest position. Broad Run Investment Management LLC owned 0.07% of AON worth $57,888,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of AON during the fourth quarter worth $37,787,000. Coldstream Capital Management Inc. grew its holdings in shares of AON by 4.2% during the fourth quarter. Coldstream Capital Management Inc. now owns 5,894 shares of the financial services provider's stock worth $2,117,000 after purchasing an additional 238 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in AON by 4.2% during the 4th quarter. Lord Abbett & CO. LLC now owns 239,151 shares of the financial services provider's stock worth $85,893,000 after buying an additional 9,693 shares during the period. Hancock Whitney Corp raised its stake in shares of AON by 105.3% during the fourth quarter. Hancock Whitney Corp now owns 1,819 shares of the financial services provider's stock valued at $653,000 after acquiring an additional 933 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in AON by 69.4% in the fourth quarter. Voya Investment Management LLC now owns 603,736 shares of the financial services provider's stock valued at $216,838,000 after purchasing an additional 247,349 shares during the period. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group raised their price objective on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. upped their price target on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Piper Sandler raised 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 note on Monday. Wells Fargo & Company lifted their price objective on shares of AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $390.67.

AON Stock Down 0.8 %

Shares of NYSE:AON traded down $3.01 during mid-day trading on Thursday, hitting $351.78. 1,198,009 shares of the company traded hands, compared to its average volume of 1,233,943. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock has a 50-day moving average price of $383.95 and a two-hundred day moving average price of $375.51. Aon plc has a 12-month low of $275.07 and a 12-month high of $412.97. The stock has a market cap of $75.96 billion, a P/E ratio of 27.79, a P/E/G ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON - Get Free Report) last announced 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). 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 analysts' expectations of $4.83 billion. During the same quarter in the prior year, the company earned $5.66 EPS. The business's revenue for the quarter was up 16.2% on a year-over-year basis. On average, equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.85%. This is an increase from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Thursday, May 1st. 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.