Aon plc (NYSE:AON) Shares Sold by First Pacific Advisors LP

First Pacific Advisors LP decreased its position in shares of Aon plc (NYSE:AON - Free Report) by 6.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 680,012 shares of the financial services provider's stock after selling 48,481 shares during the period. AON makes up approximately 4.4% of First Pacific Advisors LP's holdings, making the stock its 9th largest holding. First Pacific Advisors LP owned approximately 0.31% of AON worth $271,386,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AON. SFE Investment Counsel bought a new stake in AON during the 1st quarter valued at $212,000. Mendel Money Management boosted its position in shares of AON by 27.1% in the 1st quarter. Mendel Money Management now owns 1,409 shares of the financial services provider's stock worth $562,000 after purchasing an additional 300 shares in the last quarter. Machina Capital S.A.S. bought a new position in shares of AON during the first quarter valued at $4,299,000. Wedbush Securities Inc. lifted its position in AON by 28.3% in the 1st quarter. Wedbush Securities Inc. now owns 1,392 shares of the financial services provider's stock valued at $556,000 after acquiring an additional 307 shares in the last quarter. Finally, IMA Advisory Services Inc. purchased a new stake in shares of AON during the first quarter valued at $89,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Up 4.5%

NYSE AON traded up $16.10 during trading on Friday, hitting $372.71. The company's stock had a trading volume of 2,251,364 shares, compared to its average volume of 1,320,097. The business's 50 day simple moving average is $358.28 and its 200-day simple moving average is $370.64. The company has a market cap of $80.48 billion, a PE ratio of 31.75, a P/E/G ratio of 2.13 and a beta of 0.84. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.73 and a quick ratio of 1.73. Aon plc has a fifty-two week low of $304.12 and a fifty-two week high of $412.97.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts' consensus estimates of $3.40 by $0.09. AON had a return on equity of 52.71% and a net margin of 15.58%. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the prior year, the company earned $2.93 earnings per share. The company's revenue was up 10.5% on a year-over-year basis. On average, equities analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.80%. The ex-dividend date is Friday, August 1st. AON's dividend payout ratio (DPR) is 25.38%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their price objective on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Evercore ISI dropped their target price on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Barclays lowered their price target on shares of AON from $415.00 to $401.00 and set an "overweight" rating for the company in a report on Monday, July 7th. Wells Fargo & Company restated an "overweight" rating and set a $438.00 price objective (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Finally, Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $403.00.

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.