Captrust Financial Advisors Sells 1,137 Shares of Aon plc (NYSE:AON)

Captrust Financial Advisors cut its stake in Aon plc (NYSE:AON - Free Report) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,919 shares of the financial services provider's stock after selling 1,137 shares during the period. Captrust Financial Advisors' holdings in AON were worth $7,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB lifted its position in AON by 2.7% in the fourth quarter. Nordea Investment Management AB now owns 15,952 shares of the financial services provider's stock valued at $5,714,000 after buying an additional 413 shares during the last quarter. Fulton Bank N.A. increased its position in shares of AON by 14.0% during the fourth quarter. Fulton Bank N.A. now owns 1,572 shares of the financial services provider's stock worth $565,000 after purchasing an additional 193 shares in the last quarter. Hilltop National Bank boosted its holdings in shares of AON by 29.8% in the fourth quarter. Hilltop National Bank now owns 558 shares of the financial services provider's stock valued at $200,000 after acquiring an additional 128 shares during the period. Graypoint LLC grew its position in AON by 7.1% during the 4th quarter. Graypoint LLC now owns 1,499 shares of the financial services provider's stock worth $538,000 after purchasing an additional 99 shares during the last quarter. Finally, Czech National Bank boosted its stake in shares of AON by 6.0% during the fourth quarter. Czech National Bank now owns 46,891 shares of the financial services provider's stock worth $16,841,000 after buying an additional 2,637 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AON has been the subject of a number of research reports. JPMorgan Chase & Co. lifted 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. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price on the stock in a report on Tuesday. Royal Bank of Canada upped their target price on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Evercore ISI dropped their price objective on shares of AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, Wells Fargo & Company upped their target price on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $391.75.

AON Stock Down 1.1%

NYSE AON traded down $4.04 during mid-day trading on Wednesday, hitting $351.03. The company's stock had a trading volume of 492,195 shares, compared to its average volume of 1,209,154. The company's 50 day simple moving average is $375.55 and its 200 day simple moving average is $375.38. Aon plc has a twelve month low of $275.07 and a twelve month high of $412.97. 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 firm has a market capitalization of $75.80 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.12 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a return on equity of 70.84% and a net margin of 16.91%. The company had revenue of $4.73 billion during the quarter, compared to analysts' expectations of $4.83 billion. During the same period last year, the firm posted $5.66 earnings per share. AON's quarterly revenue was up 16.2% compared to the same quarter last year. Analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

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